Elon Musk Says 'Inverse Cramer Calls It Again' As Mark Zuckerberg's Threads Risks Fading Into Obscurity
Portfolio Pulse from Ananya Gairola
Elon Musk has criticized the declining popularity of Meta Platforms Inc.'s social media platform, Threads, which is struggling to maintain its user base. Threads initially gained 100 million users within the first five days of its launch, but its popularity has been steadily declining. Analysts predict that Threads will remain at the bottom of the U.S. social network rankings through 2025 due to tough competition from established platforms like Facebook, Instagram, TikTok, and Musk's own platform, X.
October 05, 2023 | 5:54 am
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Meta Platforms Inc.'s social media platform, Threads, is struggling to maintain its user base, with analysts predicting it will remain at the bottom of the U.S. social network rankings through 2025.
The declining popularity of Threads, a social media platform by Meta Platforms Inc., is a negative indicator for the company. With analysts predicting it to remain at the bottom of the U.S. social network rankings through 2025, this could potentially impact the company's stock negatively in the short term.
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