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HomeLatest NewsSocial network Threads has gained 100 million users KXan 36 Daily News

Social network Threads has gained 100 million users KXan 36 Daily News

Date: April 19, 2024 Time: 03:16:42

“And that is organic growth. We haven’t launched our promotions yet. I can’t believe it’s only been 5 days!” Zuckerberg wrote in his post.

Evercore ISI analysts expect Threads to reach 200 million daily active users and generate around $8 billion in annual revenue over the next two years.

The new social network is very similar to Twitter, both in appearance and in functionality, which caused strong discontent with the owner of Twitter, Elon Musk, who accused the creators of Threads of plagiarism, theft of employees and threatened to sue Their creators.

In a letter to Mark Zuckerberg, Twitter attorney Alex Spiro wrote that his company is seriously concerned that Meta* is engaging in “a deliberate and systematic misappropriation of Twitter’s trade secrets and other intellectual property.”

Threads’ spokesman, Andy Stone, responded by saying that there are no former Twitter employees on the social network’s technical team.

The successful launch of the new app was aided by the massive reach of Meta* (Instagram* alone now has over a billion repeat users), as well as unfortunate changes to Twitter’s user policy that alienated much of of its active user base.

*Instagram is owned by Meta, which is recognized as an extremist in Russia and is banned.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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