"Threads" = Meta-Booster! "Twitter-Killer" Remains to be Verified
From charging USD 8 from users for the blue to limiting the posts the users read every day, people and advertisers are getting away from Twitter. $Tesla Motors(TSLA)$
Meta sees Threads as an alternative to Twitter and believes the recent chaos at Twitter has created an opportunity for a new platform.
10 mln+ people signed up for Threads: things you need to know
Pros
Users can log in to Threads using their Instagram account, and their username and verification will carry over. The app allows users to follow and connect with friends and creators who share their interests, including people they follow on Instagram.
The app offers a microblogging experience similar to Twitter, with options to like, repost, reply to, or quote a "thread."
The app provides a slick and easy-to-read feed, although it was populated with accounts the author did not follow initially.
Cons
Concerns are raised about Meta's growing power and the privacy issues surrounding Threads. The app collects various personal information, and it is not yet available in the European Union due to regulatory uncertainty.
In addition to the criticized privacy issues, some people have also questioned that Meta's new product has limited functionality and can hardly be considered a complete product.
$Meta Platforms, Inc.(META)$: one of the strongest performers in stock market
META is experiencing a significant rise against the market, with the stock price now approaching 300.
From yesterday's closing price, META has recovered its position from last year's decline. Due to the launch of new products, there were many bulk orders for META call options, indicating a bullish sentiment towards the stock.
Former competition with Tiktok
According to data, while TikTok is the most successful platform in attracting people to engage with the videos posted, Instagram Reels record the highest average watch rate. Compared to TikTok, which overall registers a watch rate of 9.06% on average, Instagram Reels score an average watch rate of 13.08%.
Are you bullish on Meta's new product?
Will Threads become a Twitter killer?
Which side do you take for this rival?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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