Why India Could Play A Key Role In Meta Threads' Battle With Musk's Twitter
Portfolio Pulse from Arpit Nayak
Meta Platforms Inc's new social media platform, Threads, has seen 30 million sign-ups since its launch on July 6. Despite this, it still falls short of Twitter's 400 million users. However, Twitter's user base is predicted to fall by 32 million over the next few years following changes made by Elon Musk. Meta may have an advantage in India, where it has a large Instagram user base and Twitter has less impact. If every Indian Instagram user joined Threads, it would rival Twitter's user base.
July 07, 2023 | 12:47 pm
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Meta's new platform Threads has seen significant sign-ups since its launch, and it could potentially gain a large user base in India due to Meta's existing Instagram presence in the country.
The news indicates that Meta's new platform Threads has seen significant sign-ups since its launch. This, coupled with the potential for gaining a large user base in India due to Meta's existing Instagram presence in the country, could positively impact Meta's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100