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Meta rolls out new social network Threads to compete with Twitter

01:02 PM | 6 Jul, 2023
Meta rolls out new social network Threads to compete with Twitter

The competition between tech billionaires Mark Zuckerberg and Elon Musk advances as Meta, the massive social network comprising Facebook and Instagram, has rolled out new app that will give Twitter tough time in online world.

The new platform named Threads is going live today on Thursday, and people are already excited as the app shares several features with microblogging giant Twitter.

Meta CEO Mark Zuckerberg shared a post welcoming users to the site, saying  Let’s do this. Zuckerberg said world needs this kind of friendly community, and revealed that over 10 million people have already signed up in couple of hours.

View this post on Instagram

A post shared by Mark Zuckerberg (@zuck)

Threads is said to be a text-based version of Instagram for real-time updates and public conversations. In a major update, the new app will not launched in the European Union as talks between Meta and EU regulators underway over data sharing.

The new platform will likely create problems for Twitter as the app under Elon Musk is going through turmoil at Twitter, as the platform experienced an outage over the weekend, and now app restricted tweets its users are able to read while using the app.

Amid the Threads hype, British celebrity chef Gordon Ramsay, actor Jack Black and Shakira among several stars joined Threads.

Social media users are also joing bandwagon by calling Threads ‘Twitter killer’.

This is not the first time that Twitter is facing rival app as several apps like Bluesky, Post and Mastodon, failed to woo users.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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