Meta Threads Vs. Twitter: Will Zuckerberg's New App Make Elon Musk Sweat?
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc.'s new decentralized social media platform, 'Threads', has garnered up to two million sign-ups within a few hours of going live. The platform allows users to sign in using their Instagram accounts and import Instagram's signature blue checkmark. Despite mixed reviews from users, Meta CEO Mark Zuckerberg believes that Threads can surpass Twitter and attract a user base of one billion people.
July 06, 2023 | 2:16 am
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POSITIVE IMPACT
Meta's new platform 'Threads' has seen a strong initial response with two million sign-ups. This could potentially increase Meta's user base and engagement, positively impacting its revenues.
The launch of 'Threads' and its initial success indicates a potential increase in Meta's user base. This could lead to higher engagement and ad revenues, positively impacting Meta's stock.
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