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
According to the expert, personal letters and a signature from Tolkien himself added to the value of the book.
7 hours ago
Chistina and Katie Currie won over $88,000 in cash and two exotic vacations with their stunning performance.
8 hours ago
After everyone backed out, the billionaire Shark stepped up to help the founder of Diaper Dust.
1 day ago
Sun kept repeating the incorrect phrase but couldn't identify the error in time.
1 day ago
After almost closing a deal with Mr Wonderful, the founder of 'Simply Good Jars' pivoted hard.
1 day ago
The host thought it was the "worst possible answer" to give even as the team felt it was good enough.
2 days ago
Adding to the controversy, the owner of Dr. Mudd's lapdesk asked Harrison for $100,000.
2 days ago
With just milliseconds to spare, Sarah LaPilusa pulled off an incredible Bonus Round win.
2 days ago
Ozark Trail 64 oz Water Bottles were recalled after the lids of faulty bottles forcefully ejected.
3 days ago
The player laughed and giggled her way through the puzzles to win prizes worth over $57,000.
3 days ago
Scott Riccardi placed an unbelievable wager during Final Jeopardy! to win a massive amount in a day!
3 days ago
The guest got a 200% return on investment on her sculpture that she bought from Macy's.
3 days ago
Jennings had a record-setting winning streak as a contestant before he became the host.
4 days ago
The player, Ron Wheeler, tragically got no clues after his letter picks for the final puzzle.
4 days ago
The former kids champion, Skyler Hornback knew what was coming.
4 days ago
The fans took issue with the clue being too tough and unnecessary for the contestants.
5 days ago
Cuban wanted to strike a deal with the founder of Coconut Girl and gave her an ultimatum.
5 days ago
Although the word did make a lot of difference, some fans felt that the decision was ridiculous.
5 days ago
The guest, who found the item online, didn't think it was the real deal until he heard its value.
6 days ago
The player Samantha secured the first big win of Ryan Seacrest's run on the show.
6 days ago