First Major Update For Threads App Adds AI Translation And A Slew Of Other Features
Portfolio Pulse from Rounak Jain
Meta Platforms Inc. has released the first major update for its Threads app, introducing AI-powered translation and other features. The update comes as Threads' user growth has significantly slowed. Despite reaching 100 million users within five days of its launch, the app has only added 15 million users since then.
July 19, 2023 | 10:29 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Meta Platforms has updated its Threads app, which has seen slowing user growth. The update may boost user engagement and potentially attract new users.
The update to Threads app could potentially boost user engagement and attract new users, which could positively impact Meta's user base and revenues. However, the impact on the stock price is uncertain in the short term as it depends on how well the new features are received by users and whether they can reverse the slowing user growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100