Meta is launching a competitor app to Twitter called Threads, and will allow users to transfer their Instagram usernames and followed accounts directly over
Key Takeaways
Meta is launching a competitor app to Twitter called Threads, and will allow users to transfer their Instagram usernames and followed accounts directly over
It’s the latest app to aim to take down Twitter, which has been rolling from controversy to controversy since Elon Musk took over
Meta’s stock price has been on a tear this year, gaining almost 130% since the start of January
Things have been going from bad to worse over at Twitter. Since Elon Musk took it private for the princely sum of $44 billion, it’s been basically non-stop controversy. That’s nothing unusual for Musk, some would argue it’s part of his business strategy, but so far it doesn’t appear to be panning out too well.
From laying off 75% of the workforce, backlash against the overhaul of the blue tick, conspiracy theories running wild, Elon Musk himself getting into hot water on an almost weekly basis, and the latest throttling of users tweet access, it’s not been smooth sailing.
And that poses a serious opportunity for the competition, which Meta is looking to pounce on with the release of their new text-based social media platform called Threads.
It works by the AI meticulously scanning extensive data sets to predict the week’s top assets. It then dynamically adjusts your stake in the Kit’s holdings, helping you to build wealth while remaining a step ahead.Meta’s new Threads platform to be launched on July 6th
Meta has been working on a competitor to Twitter for a while. Codenamed “Project 92” while it was in development, Meta identified the opportunity for a “text based conversation app” that — to use the words of a top executive in describing the project to employees — “is sanely run.”
The company is looking to launch the service hard out of the gate, with anyone with an Instagram account able to sign up with their same username and information.
Not only that, but Threads users will be able to follow all of the same accounts they follow on Instagram with the click of a single button, which will allow creators with large followings to grow their accounts quickly.
