Why Meta's Twitter Rival Threads Will Skip Launch In EU, Ireland
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc.'s new decentralized social media platform, Threads, is set to launch in the US and the UK, but will not be introduced in the EU due to data privacy and regulatory concerns. The platform, which can import data from Instagram, has informed users about the extensive data it intends to collect. The launch has sparked a debate about data privacy regulations between the US and the EU. Threads has made its official debut on Apple Inc.’s iOS App Store and will be released on July 6.
July 05, 2023 | 2:23 am
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NEUTRAL IMPACT
Meta's new platform, Threads, is set to launch in the US and UK, but not in the EU due to data privacy concerns. This could potentially limit the platform's user base and growth.
The exclusion of the EU from the initial launch of Threads due to data privacy concerns could potentially limit the platform's user base and growth. However, it's unclear how significant this impact will be in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Meta's Threads has made its official debut on Apple's iOS App Store and will be released on July 6. This could potentially increase the number of apps available on the App Store and drive more traffic.
The debut of Meta's Threads on Apple's iOS App Store could potentially increase the number of apps available on the platform and drive more traffic. However, the impact on Apple's stock price in the short term is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50