Some few days ago, Mark Zuckerberg launched a new app called Thread. The whole netzines are wondering what his intention. Could this be an experiment. The shocking though expected of it is that a few hours after it was launched, it recorded success both in the number of users who signed up to use the app and most importantly on Meta's stock. However, looking critically at the app we can it is obvious that it is merely Instagram clone.
We already know that there is some bad blood between Meta and Twitter. Or Mark Zuckerberg and Elon Musk. Given this, I would like for us to discuss this, if Elon Musk decides to launch a clone of Twitter app, do you think it would achieve the same level of success in terms of user base and Stocks considering Elon's controversial history with Twitter?
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https://www.forbes.com/sites/brianbushard/2023/07/05/meta-stock-soars-to-18-month-high-ahead-of-instagram-threads-launch/The question is what's the main purpose of threads that Zuckerberg has been added? I'm using Meta for a very long time already, and I don't think that I will be using this threads.
I'm also thinking that this threads has been created just because of the beef between Zuckerberg, and Elon Musk. I mean it has been released while they have a beef with each other. You already said that it's just a mere clone of Instagram, so maybe this threads will just die in a year or two if most Instagram users find Instagram better than threads. If not then some might switch, make a transition from Instagram to Threads.
To answer your question, I don't know the reason why Elon will create an app same as threads? I mean Elon Musk already said that Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’ base on this article:
LINK. I don't see any reason as to why Elon needs to create a clone of his Twitter app. For competition purposes? It's pretty obvious that the trend of Twitter is declining, and now he will create a clone of his own app? That's nonsense if you will ask me.