Elon Musk Imposing Twitter Limits Sees Rival App Suddenly Climbing iPhone Charts
Portfolio Pulse from Benzinga Newsbot
Spill, a new social media platform designed by former Twitter employees, has seen a surge in downloads following Twitter’s recent decision to limit the number of posts users can see. The app became the third most downloaded on Apple’s App Store and the top downloaded social media app. Spill has attracted over 100,000 new users in the past three days. Meanwhile, other Twitter alternatives are also emerging, including Meta Platforms Inc.'s Threads.
July 04, 2023 | 12:58 pm
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Twitter's decision to limit post viewings has led to a surge in downloads for rival app Spill, potentially impacting Twitter's user base.
Twitter's decision to limit the number of posts users can see has led to a surge in downloads for rival app Spill. This could potentially lead to a decrease in Twitter's user base and engagement, negatively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms Inc. is planning to release a Twitter competitor called Threads.
Meta Platforms Inc. is planning to release a Twitter competitor called Threads. While this could potentially increase competition for Twitter, it's too early to determine the impact on Meta's stock price as the product is yet to be released.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50