Threads saw over 10 million account registrations, according to Mark Zuckerberg

2023.07.06

Key Points

Meta has recently launched its new application called Threads on July 6th. The app aims to challenge its competitor Twitter and attract users from the Twitter platform. Currently available in over 100 countries and regions worldwide, Threads does not include the European Union for now. Within just seven hours of its launch, Threads saw over 10 million account registrations, according to Meta’s founder, Mark Zuckerberg.

Threads: Privacy-Focused and Decentralized

Meta emphasizes that Threads utilizes decentralized technology and does not track users’ data across other websites and apps owned by different companies. The app currently does not feature any advertisements, providing higher privacy and security compared to Meta’s other platforms, such as Facebook, Instagram, and Twitter.

Twitter’s Unique Position and Threads’ Potential

Analysis suggests that Twitter’s primary purpose remains as a platform for receiving news and staying informed about global events. Its usage differs from Instagram and Threads. It is believed that the most loyal Twitter users may not immediately switch to using Threads. However, the analysis also points out that Meta only needs to convince a quarter of Instagram users to join Threads to rival the user base of Twitter. In other words, Meta does not necessarily have to convert the most loyal Twitter users into Threads users.

Meta’s Threads app has entered the market with the aim to challenge Twitter’s dominance and attract users from the Twitter platform. With its privacy-focused approach and decentralized technology, Threads offers a higher level of privacy and security compared to other Meta platforms.While Twitter’s unique position as a news-focused platform may make it less likely for its most loyal users to switch immediately, Meta’s strategy focuses on convincing a portion of Instagram users to join Threads.