Some few days ago, Mark Zuckerberg launched a new app called Thread. The whole netzines are wondering what his intention. Could this be an experiment. The shocking though expected of it is that a few hours after it was launched, it recorded success both in the number of users who signed up to use the app and most importantly on Meta's stock. However, looking critically at the app we can it is obvious that it is merely Instagram clone.
We already know that there is some bad blood between Meta and Twitter. Or Mark Zuckerberg and Elon Musk. Given this, I would like for us to discuss this, if Elon Musk decides to launch a clone of Twitter app, do you think it would achieve the same level of success in terms of user base and Stocks considering Elon's controversial history with Twitter?
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https://www.forbes.com/sites/brianbushard/2023/07/05/meta-stock-soars-to-18-month-high-ahead-of-instagram-threads-launch/Until now the app called thread is unusable like there is no search apart from user profiles and also most of the users are redirected from Instagram which is also owned by Meta/Mark so the numbers are too huge with no engagement at all. To keep the members alive they need to make changes as soon as possible or else the threads app will become just another Instagram.
Twitter is also struggling due to multiple factors and Mark took this as opportunity to launch a killer app.