Are Reports Of Meta's Threads Death Greatly Exaggerated? Mark Zuckerberg Says The 'Twitter Killer' Has Almost 100M Monthly Users
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc. CEO Mark Zuckerberg announced that Threads, the platform known as 'Twitter Killer', has nearly 100 million monthly users since its launch in July. This statement challenges earlier speculations about the app's potential decline. However, Threads is still unavailable in Europe due to regulatory compliance concerns. Despite initial backlash for lack of features, the app has gradually started offering more functionality.
October 26, 2023 | 3:58 am
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Meta's Threads platform has nearly 100 million monthly users, indicating strong user engagement. However, regulatory issues preventing its availability in Europe could limit its growth potential.
The high user engagement with Threads indicates a positive impact on Meta's stock. However, the regulatory issues in Europe, which limit the platform's availability, could potentially hinder its growth and thus have a negative impact on the stock in the future.
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