Musk Thinks Threads Is 'Boring,' But 275 Million Monthly Users Signal Zuckerberg's Platform Could Be Real Threat To X
Portfolio Pulse from Chris Katje
Meta Platforms reported strong third-quarter earnings, with significant growth in its Threads platform, which now has 275 million monthly users. This growth positions Threads as a potential competitor to Elon Musk's X platform. Despite Musk's dismissive comments, Threads' user base is expanding rapidly, although it is not expected to significantly impact revenue until 2025.
October 31, 2024 | 3:30 pm
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Meta Platforms reported better-than-expected Q3 earnings and significant growth in its Threads platform, which now has 275 million monthly users. This positions Threads as a potential competitor to X, formerly Twitter.
Meta's strong earnings report and the rapid growth of Threads suggest positive momentum for the company. The platform's user growth indicates potential future revenue streams, although not immediate. This positions Meta well against competitors like X.
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