Does Mark Zuckerberg's Threads Have Elon Musk In Knots Even Before The Cage Fight?
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc. (NASDAQ:META) has unveiled its decentralized social media platform, Threads, which has already attracted over 7.5 million users. CEO Mark Zuckerberg has been actively engaging with users and taunting Elon Musk, who purchased Twitter for $44 billion last year. Despite the rivalry, it remains uncertain whether Threads can surpass Twitter's long-term popularity.
July 06, 2023 | 9:42 am
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Meta Platforms has launched a new social media platform, Threads, which has already gained significant user traction. This could potentially boost Meta's stock in the short term.
The launch of Threads and its rapid user growth could potentially increase Meta's revenue and user base, positively impacting its stock price. However, the long-term impact will depend on Threads' ability to maintain its user base and compete with established platforms like Twitter.
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