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?
That was possibly one of the dumbest things I've ever read. Facebook saw an opportunity to compete, by building a similar platform, with Twitter because Elon has ruined it so much. If Elon had any intelligent he would not have overpaid and then gutted the platform. He doesn't need to launch a rival because he already owns the largest version of that site in the space, he would just end up cannibalising Twitter even more. Also, twitter shares were delisted from public listing, so all shares are privately held now and it's pretty much irrelevant because he is not selling any of them on the open market - there is no bump compared to Facebook.