No Result
View All Result
Success American Investors
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Success American Investors
No Result
View All Result
Home Investing

Threads users decline significantly despite initial surge in sign-ups

by
July 27, 2023
in Investing
0
Threads users decline significantly despite initial surge in sign-ups
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Despite a dizzying number of initial sign-ups, usage of Threads, Mark Zuckerberg’s answer to Twitter, has declined significantly in recent weeks, according to a new report of by Similarweb, a digital intelligence platform.

Within the first few hours of its launch on 5 July, Threads garnered 5m user registrations and within less than a week at least 100 million people had signed up for the app. But, three weeks later, active daily use or the number of users who engage with the site on a daily basis has dropped, from a peak of 49 million on 7 July to 12 million on 22 July, according to Similarweb.

Even on its busiest day, usership of Threads was less than half of Twitter’s, according to the data. Twitter averages more than 100 million active daily users.

“Most of those who still use Twitter regularly will continue doing so at about the same rate,” said David Carr, senior insights manager at Similarweb.

Threads, launched by Instagram-owner Meta, was meant to capitalize on the chaos at Twitter since its takeover by the billionaire Elon Musk, and unseat the app as a go-to text-based social media platform.

Since taking over Twitter, Musk has laid off the majority of the app’s staff and pushed through a series of controversial policy changes that have led to a decline in advertising revenue. Earlier this month, the platform limited how many posts a non-subscribing user can see. And longtime users have complained about frequent glitches and increased hateful and vitriolic speech on the platform.

Zuckerberg and Meta hope to seize on the feelings of dismay among some of Twitter’s user base and promised that Threads would be a digital town square filled with positivity and connection.

“We are definitely focusing on kindness and making this a friendly place” the Meta CEO wrote on his Threads account.

But even with the promise that Threads offered disenchanted tweeters, it has so far failed to keep them posting on the platform with the same regularity that Twitter has. That may be in part because the Threads lacks some of Twitter’s functionalities, including a desktop option and place to search hashtags, phrases and names.

It’s unclear yet what impact Musk’s latest change at Twitter – its rebranding to X – may have on the platform’s usage. “Although we’re seeing a steady erosion by several metrics, the rebranding is likely to pale in comparison with other things people do or don’t like about Elon’s management,” Carr said.

Read more:
Threads users decline significantly despite initial surge in sign-ups

Previous Post

PAYSTRAX Teams Up with iDenfy to Provide Comprehensive Identity Verification

Next Post

Drivers Face Fines of Up to £1,000 for Neglecting Car Cleanliness, Expert Warns

Next Post

Drivers Face Fines of Up to £1,000 for Neglecting Car Cleanliness, Expert Warns

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

February 14, 2024
Idaho Bucks Managed Care Trend

Idaho Bucks Managed Care Trend

December 5, 2023

The Producer Price Index

September 9, 2023

CMKE Introduces PPM Subscription Model to Drive Cost Savings for Scottish Businesses

November 9, 2023

The Political Business Cycle 50 Years Later

0

0

0

0

The Political Business Cycle 50 Years Later

May 10, 2025

Why Elon Musk Is Right: The Case Against Subsidizing Amtrak

May 10, 2025

The Gold-Silver Ratio

May 10, 2025
Friday Feature: MCP Academy

Friday Feature: MCP Academy

May 9, 2025

Recent News

The Political Business Cycle 50 Years Later

May 10, 2025

Why Elon Musk Is Right: The Case Against Subsidizing Amtrak

May 10, 2025

The Gold-Silver Ratio

May 10, 2025
Friday Feature: MCP Academy

Friday Feature: MCP Academy

May 9, 2025

Disclaimer: SuccessAmericanInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.