Snacks
Threads

Meta launches a Twitter rival as the tech titans face off for fresh eyeballs

Snacks / Thursday, July 06, 2023
Zucked (Justin Sullivan/Getty Images)
Zucked (Justin Sullivan/Getty Images)

Musk vs. Zuck… Not talkin’ cage matches. Meta announced a new social app yesterday, dubbed Threads, and it’s already live in 100+ countries. ICYMI: Like Twitter, Threads lets users share real-time text updates as well as like, comment, and repost. Unlike Twitter, Threads didn't launch with a chronological-based feed, and there is no direct messaging. Meta’s hoping its 3B Facebook and 2B Instagram users will add the Twitter dupe to their quiver of apps. Sweetening the deal:

  • IG-friendly: Threads users can sign into the new app with their Insta accounts and use the same handle on both platforms.

  • A-list invites: Meta recruited celebs including Gordon Ramsay and Shakira to start threading (aka: posting). The hope: big names will attract big download #s. And then there’s the competition…

Clipped wings… From site malfunctions to controversial content-moderation moves, Twitter’s problems have piled up since Elon Musk bought the biz for $44B last year. Musk recently tweeted that unverified tweeters would (at least temporarily) be limited to seeing 1K posts/day, while paying subscribers would get 10K views. Next month, Twitter said it would restrict TweetDeck — a popular tool for following numerous timelines — to subscribers. Now, it’s not just Meta trying to pick up Twitter’s dropped ball:

  • New Nests: Bluesky, a decentralized social app, had to temporarily pause sign-ups last weekend after seeing record traffic. Rival Mastodon also reportedly saw a sign-up spike.

One app’s troubles can be another’s treasure… Meta wants to spin Twitter’s trials and tribulations into biz gold. Some are already calling Threads a “Twitter killer” given Meta’s massive reach. But success isn’t guaranteed. In February, Meta shut down its Cameo-esque app Super less than two years after launch, and in March it shuttered its live-shopping feature.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.