'Shark Tank' Investor Kevin O'Leary Marvels At Threads' Explosive Growth: 'I Have Never, Ever Seen Anything Like This'
Portfolio Pulse from Ananya Gairola
Kevin O'Leary, a 'Shark Tank' investor, expressed his astonishment at the rapid growth of Meta Platforms Inc.'s Threads app, which amassed 100 million sign-ups within days of its launch. O'Leary predicted that small businesses would witness higher returns on their advertising investments due to Threads' soaring user base. However, Threads' ability to facilitate text-based posts, similar to Twitter, has sparked a potential legal dispute with Elon Musk.

July 12, 2023 | 5:30 am
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Meta Platforms Inc.'s Threads app has seen rapid growth, which could lead to higher returns for small businesses advertising on the platform. However, a potential legal dispute with Elon Musk could pose a risk.
The rapid growth of Meta's Threads app indicates a strong user base, which could attract more advertisers and generate higher revenues. However, the potential legal dispute with Elon Musk, if materialized, could negatively impact the company's reputation and user base.
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