Wall Street Journal Reported User Engagement On Meta's Threads Fell to 13M, Down 70% From July 7 Peak
Portfolio Pulse from Charles Gross
According to the Wall Street Journal, user engagement on Meta's Threads has fallen to 13 million, a 70% decrease from its peak on July 7.
July 21, 2023 | 11:43 am
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NEGATIVE IMPACT
Meta Platforms Inc. has experienced a significant drop in user engagement on its Threads platform, which could potentially impact its stock price.
User engagement is a key metric for social media platforms like Meta's Threads. A significant drop in this metric could indicate a decrease in user interest and activity, which could potentially lead to a decrease in ad revenue and, consequently, a negative impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100