Meta's Threads May Soon Offer Disappearing Posts, Adding Privacy Features: Report
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc (NASDAQ:META) is reportedly developing a new feature for its social media app Threads that could allow posts and their replies to disappear after 24 hours. This feature aims to enhance user privacy and differentiate Threads from competitors. Analysts have a positive outlook on Meta's stock, with an average 12-month price target of $575.94.
August 14, 2024 | 1:00 pm
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NEUTRAL IMPACT
WhatsApp, owned by Meta, launched disappearing messages on Apple's iPhones in 2021, similar to the new feature being developed for Threads.
The mention of Apple's iPhones in relation to WhatsApp's disappearing messages feature is not directly impactful to Apple's stock. The primary focus is on Meta's new feature for Threads.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
POSITIVE IMPACT
Meta Platforms Inc is developing a new feature for Threads that allows posts to disappear after 24 hours, enhancing user privacy. Analysts have a positive outlook on Meta's stock with an average 12-month price target of $575.94.
The new feature could make Threads more appealing to privacy-conscious users, potentially increasing user engagement and retention. Analysts' positive outlook and high price targets further support a likely short-term positive impact on Meta's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100