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Meta's Twitter rival Threads explodes to 70 million signups one day after launch - TL;DR CNBC

Meta's Twitter rival Threads explodes to 70 million signups one day after launch

Publishing timestamp: 2023-07-07 14:45:44


Summary

Meta's new Twitter competitor, Threads, has experienced rapid growth since its public debut, fueled by Instagram's userbase. The text-based social media platform already has 70 million sign-ups and has the potential to rival Twitter. However, it still needs to prove its ability to keep users engaged and differentiate itself from Twitter. Despite concerns and challenges, many politicians and advertisers have already signed up for the service.


Sentiment: MIXED

Tickers: META

Keywords: instagrambreaking news: technologymeta platforms incmobilemark zuckerbergtechnologybusiness newselon musksocial media

Source: https://www.cnbc.com/2023/07/07/metas-twitter-rival-threads-surpasses-50-million-signups-screenshots.html


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