Mark Zuckerberg Says 10 Million Users Have Already Signed Up for Threads, Meta's New Rival to Twitter
After months of rumors and speculation, Meta Platforms (NASDAQ: META) has finally released Threads, its long-awaited rival to Twitter. The latest social media site launched as a companion app to Instagram, Meta's photo-centric platform that boasts more than 2 billion users.
In a post on the newly minted Threads app, CEO Mark Zuckerberg said, "It'll take some time, but I think there should be a public conversations app with 1 billion+ people on it," Zuckerberg wrote. "Twitter has had the opportunity to do this but hasn't nailed it. Hopefully we will." He went on to say that more than 10 million users had signed up for Threads within just seven hours of its launch.
The release of this competing micro-blogging app comes at a tough time for Twitter. The company is struggling with employee rebellion, content moderation issues, user discontent, and declining ad revenue. It also represents a significant opportunity for Meta, which is always looking to expand its social media empire.
Source Fool.com
