Mid-Week News Round-Up (12 July): A quick snapshot of this week's highlights

Author

Matt Haycox
July 12, 2023

In our mid-week news round-up, we bring you the highlights of the last few days this week on Matt Haycox Daily. Business news, investment advice, strategy and lots more…

Six Lessons We Can All Learn from Elon Musk’s Time at Twitter

Elon Musk's time at Twitter has been far from plain sailing. Find out what you can learn from the mistakes made by the entrepreneur. With Meta Threads hitting the news with millions of new users exploring a new social media, now would be a good time to take a look at what Threads is seeking to replace – Twitter. More importantly, let’s take a look at who is running it – Elon Musk.

Threads is similar to Twitter in some ways although it has a number of features that seek to make it unique. But Twitter was one of the originals, coming to light between the good old days of MySpace and the modern teen-driven video-sharing apps like TikTok or Snapchat.

Since taking over Twitter last year Elon Musk’s reputation as a maverick entrepreneur has hit the stratosphere faster than one of his SpaceX rockets. And yes, it’s not all been good. Firing people over Zoom, and an abrupt and dismissive approach to HR for one thing would not exactly work for almost anyone else.

Matt Haycox has always said you should learn from other people’s mistakes rather than your own! And we reckon all entrepreneurs can learn from Elon Musk. He does things that most people can only dream about, and that makes him a fantastic, iconic entrepreneur. Good or bad, it makes his work and life a great example for us all. So here are SIX things we can all learn from Elon Musk’s unprecedented time at Twitter.

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Why the movie business is a knockout for nimble entrepreneurs.

It was the climatic scene of the legendary 2001 boxing movie Ali. Will Smith, playing Ali, was ready to give his all on a hot night in Machava Stadium, Maputo, the capital of Mozambique. Smith was in the centre of the ring with gloves and head raised to the heavens; the breeze blew in … Why the movie business is a knockout for nimble entrepreneurs.

matt-haycox.com/why-the-movie-business-is-a-knockout-for-nimble-entrepreneurs

Threads powers to 100m users in a week

Threads has become the fastest growing app ever gaining 100m users in less than a week. What does this mean for social media?

matt-haycox.com/threads-powers-to-100m-users-in-a-week

Threads, Mark Zuckerberg’s newly launched social media platform, is set to hit 100m followers in its first week. By contrast it took ChatGPT two months to get 100m users, according to data from Quiver Quantitative.

The platform, a rival to Twitter, was launched in 100 countries last week but is currently inaccessible in the European Union because of strict data protection regulation in the bloc. Threads is currently a mobile only app and accounts on the platform are linked to Instagram accounts. Instagram has 1 billion users and Zuckerberg has hinted at his ambitions to have a similar reach with Threads.

On his Threads account, he said: “I’ve always thought there would be a town square app with 1 billion+ people. It’s wild that after a few days it seems possible to people that Threads has a shot. Lots of hard work ahead though.”

Threads is marketing itself as a friendlier social media space than its rival, Twitter.

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Keep reading

When they spot a fake it's too late! - Top AI entrepreneur on deepfake.

One of Britain's top AI entrepreneurs says the giant companies running the internet are too slow to take down deepfake news.

matt-haycox.com/when-they-spot-a-fake-its-too-late-top-ai-entrepreneur-on-deepfake

Mission Impossible? Could Tom Cruise abseil down Worcester Cathedral?

The cinema lights dim. The Mission Impossible music blares. On the screen, at the top of the grey stone tower of 960-year-old Worcester Cathedral, Tom Cruise throws his ropes over the balcony. He grabs hold and abseils swiftly down the side. An unlikely tale? Why not? Taking Hollywood to sleepy Worcestershire ? It hasn’t … Mission Impossible? Could Tom Cruise abseil down Worcester Cathedral? Read More »

matt-haycox.com/mission-impossible-could-tom-cruise-abseil-down-worcester-cathedral

Councils argue expansion of ULEZ be blocked

Councils argue against the expansion of the ULEZ emissions scheme in London saying it should be blocked.

matt-haycox.com/councils-argue-expansion-of-ulez-be-blocked