'Threads Is Just Better': Musk's Own Employees Are Signing Up For Zuckerberg's Twitter Clone
Portfolio Pulse from Rounak Jain
Elon Musk's employees are signing up for Mark Zuckerberg's Twitter clone, Threads, developed by Meta Platforms Inc. (NASDAQ:META). Some Twitter employees find Threads to be a better app than Twitter. Threads has crossed 100 million users, becoming the fastest app to reach this milestone.
July 12, 2023 | 1:34 pm
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POSITIVE IMPACT
The rapid growth of Threads, developed by Meta Platforms, and its adoption by Twitter employees could potentially boost Meta's stock in the short term.
The news of Threads' rapid growth and its adoption by Twitter employees is positive for Meta Platforms. This could lead to increased user engagement and potentially higher revenues, which could positively impact Meta's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100