ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Meta's Threads Becomes Fastest Growing App as It Hits 100 Million Users in Just 5 Days

This new text-based discussion forum looks like Instagram at first glance. However, as you scroll through the feed, it starts to feel a lot like Twitter.
UPDATED JUL 12, 2023
Cover Image Source: Getty Images | Justin Sullivan
Cover Image Source: Getty Images | Justin Sullivan

Meta's new social media platform which has been dubbed the 'Twitter Killer' just crossed 100 million sign-ups in less than a week, breaking ChatGPT's record as the fastest-growing online platform to hit the milestone. Threads, the new microblogging app in the block has been setting records ever since its inception on July 6, 2023, with people from across the globe joining the platform. The growth impressed CEO Mark Zuckerberg who attributed the numbers to "organic demand" and said that they were yet to turn on the promotions. 

Getty Images | 	Paul Marotta
Image Source:  Paul Marotta/Getty Images

Twitter, on the other hand, hasn't been doing that great; it had nearly 240 million daily active users as of 2022 but reports indicate a fall in number ever since Elon Musk's takeover, as per Reuters. On top of this, Twitter's web traffic plummeted by 11% days after the new Meta platform's launch compared to only a 4% year-on-year decline, as per Similarweb. Internet services firm Cloudfare's CEO shared a graph that also indicate something very similar and said that Twitter's web traffic was tanking. Twitter disagrees, with CEO Linda Yaccarino tweeting on July 11 that the platform saw the "largest usage day" since February 2023.



 

This new text-based discussion forum looks like Instagram at first glance. However, as you scroll through the feed it starts to feel a lot like Twitter. However, there are some major differences that arguably make this platform a true competitor. 

Meta's Threads will give users a 500-character count limit while Twitter gives non-subscribers a maximum of 280 characters. However, if you buy the verification badge from Twitter, the platform then increases the user's character limit to 25,000.

A Threads account can only be deleted if you delete your Instagram. The two apps are linked and as per the privacy policy, one can only deactivate the Threads profile—deleting it is not possible as of now.

Getty Images | Justin Sullivan
Image Source: Justin Sullivan/Getty Images

Instagram CEO Adam Mosseri thinks that this app is not made to replace Twitter, but to only provide a healthy forum to those who did not resonate with the kind of content Twitter pushes. In a conversation with The Verge, the CEO of Instagram said that their intention was not to replace Twitter and Threads is just trying to create a "public square" for the people already on Instagram that did not connect with Twitter's almost always agitated space of communication. He later clarified by saying that hard news and politics will definitely show up on Threads like they have on Instagram but they will never "encourage those verticals."

The launch of the platform has stirred the already-on drama between the two tech billionaires. Elon Musk took to his Twitter to write, "You are free to be your true self here" indicating that censorship pays the Meta platforms.



 

SpaceX and Tesla's CEOs have not taken well to the launch of Mark Zuckerberg's new app. In another recent tweet, Musk called Zuck an explicit name and even threatened to sue Meta.

 

Getty Images | Justin Sullivan
Image Source:  Justin Sullivan/Getty Images

No doubt Twitter has changed a lot in the past year. It has been in the headlines for losing advertisers, privacy, and many other issues. With Threads seemingly the best alternative to Twitter, many don't like the idea of needing an Instagram account in order to access Threads. So, here are the next best alternatives.

Bluesky

Very similar to Twitter, this platform boasts a decentralized system that lets you share your and others' photos and updates and send short texts. Sadly, there's a long waiting list to join the Bluesky app—the only other way is to get an invite from an existing user.

Clubhouse

An audio-only, first-of-its-kind app, Clubhouse lets you talk to other people in a live podcast forum. It's a great space to catch up on world affairs.

MORE ON MARKET REALIST
Cuban was against a royalty deal offered by his fellow Sharks, Lori Greiner and Robert Herjavec.
1 hour ago
The collection of 11 national championship rings was from the UConn Women's Basketball dynasty.
2 hours ago
Fans alleged that the show is using increasingly difficult puzzles in the Bonus Rounds.
4 hours ago
The guest had endured a lot of criticism for buying the prints at even such a low price.
1 day ago
Things got intense for her as she unlocked a mega cash with just one key in her hand in the "Master Key" game.
1 day ago
A popular name has come up in every conversation about White's successor.
2 days ago
Lori Greiner wasn't happy at all as Mark Cuban and Maria Sharapova snubbed her for a deal.
2 days ago
Fans took to Reddit to discuss the issue with Seacrest not reminding the players of one crucial element.
3 days ago
When Rick Harrison's side kick bought King Booker's boots, he had to make sure it was the real deal.
3 days ago
Turns out the Hollywood star is quite the fan of former U.S. President, Ronald Reagan.
3 days ago
Harrison bagged one of Jabbar's personal items and a chance to go to a Lakers game with him
4 days ago
Recently, the Bonus Round of the show has featured many old phrases that led to heartbreaking losses.
4 days ago
Lubetzky was the first to drop out but then came back as he was impressed by the entrepreneur.
5 days ago
The appraiser took the guest's breath away as she was expecting to get much less for it.
5 days ago
The show got close to hitting the record of the longest Bonus Round losing streak.
5 days ago
She continued to be hyperactive throughout the game even with her answers.
5 days ago
With four offers on the table, the founders of Bucket Golf smartly got a deal that they wanted.
5 days ago
Fans took to Reddit to discuss if the show has gotten a little too social for its style.
6 days ago
When the Holy Grail toy came up to Harrison's table, he wasn't willing to let it go.
6 days ago
The founder of 'Noshi Food Paint' was down to the last shark for a deal.
7 days ago