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Threads won’t amplify news, says Instagram head Adam Mosseri

12Oct

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Technology

Threads won’t amplify news, says Instagram head Adam Mosseri

[ad_1] Since its debut on July 6, Threads has taken the world by storm, becoming the fastest platform ever to reach 100 million users, a feat that it took just 5 days to achieve. It is Instagram's answer to Elon Musk-owned X, which has undergone a myriad of changes since the acquisition by him. Users have considered some of the moves as draconian and have looked at alternate platforms to switch to, of which Threads has taken full advantage. However, the latest comments by Instagram head Adam Mosseri might spell bad news for the platform in its attempts to compete against X in the race to become the top microblogging site in the world.Threads won't amplify newsIn a conversation with The Verge in July, Adam Mosseri said that Threads is“not going to do anything to encourage” hard news or p...

Threads to Add $8 Billion to Meta Annual Revenue by 2025, Analyst Says

[ad_1] It is still early days, but Meta Platforms Inc.'s latest app, Threads, could generate some serious cash for the social media giant in the next couple of years, according to Evercore ISI.Threads will reach close to 200 million daily active users and generate about $8 billion in annual revenue over next two years, Evercore ISI analysts led by Mark Mahaney estimate. It's off to a good start: Instagram's new app, designed as a direct rival to Elon Musk's Twitter, signed up 100 million users in the days since Meta launched the service last Wednesday. It's a fraction of the $156 billion average annual revenue analysts expect Meta to generate in fiscal 2025, according to data compiled by Bloomberg, but ahead of the $5.1 billion in sales and revenue Twitter earned in its last full year a...

Want to delete your Threads profile? Be ready to sacrifice your Instagram account!

[ad_1] Threads has been the talk of the town since its big reveal on Thursday. It is Meta's “sane” answer to Elon Musk-owned Twitter. Threads claims to be an “open, civil place for people to have conversations”, and subscribers are already flocking to the platform in huge numbers. It had nearly 50 million users in just 24 hours. On the other hand, Twitter has been facing its own issues with outages and data scraping, which resulted in the microblogging platform temporarily limiting the number of tweets a user can view per day. While some of these limitations on the platform have since been lifted, it has still given many of its subscribers a reason to find alternative platforms to share their thoughts on.“Threads is perfectly capable of acquiring a large user base considering it's based...