Elon Musk Says Mark Zuckerberg's Threads 'Committed The Cardinal Sin' Of Boring People To Death
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc.'s social media platform, Threads, has seen a significant drop in daily active users, with an 82% decline since its peak at 44 million users on launch day. Currently, only around eight million people remain active on the platform each day. Elon Musk, owner of Twitter, now rebranded as 'X', has criticized Threads for being boring.
August 04, 2023 | 2:50 pm
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NEGATIVE IMPACT
Meta's Threads platform is experiencing a significant drop in user engagement, which could negatively impact the company's stock price in the short term.
The significant drop in daily active users on Meta's Threads platform indicates a lack of user interest and engagement. This could potentially lead to a decrease in ad revenue and negatively impact Meta's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100