Threads, could generate some serious cash for Meta Platforms in the next couple of years, according to Evercore ISI.
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Meta Platforms’ Twitter rival Threads crossed 100 million sign-ups within five days of launch.
Experts say Twitter would have to clear a high hurdle if it sues Meta Platforms over copycat app Threads.
Mark Zuckerberg has pitched Meta’s Twitter copycat app, Threads, as a “friendly” refuge for public discourse online.
Twitter has threatened to sue Meta Platforms over its new Threads platform. Legal experts doubt it would win.
Dubbed as the “Twitter killer”, Threads logged 10 million sign-ups within the first seven hours after its launch.
Mark Zuckerberg on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours.
Meta Platforms’ Twitter rival is launching on Thursday. But you might not want to rush off to download it until you’ve read this.
Threads, Instagram’s text-based conversation app, is expected to be released on Thursday.
Instagram has unveiled a new messaging app called Threads, which has striking similarities to Snapchat.