• bitcoinBitcoin(BTC)$80,247.00-0.44%
  • ethereumEthereum(ETH)$2,323.51-0.33%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$742.98-0.79%
  • rippleXRP(XRP)$1.29-1.94%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$100.54-0.31%
  • tronTRON(TRX)$0.330820-0.24%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.030.32%
  • HyperliquidHyperliquid(HYPE)$90.8914.15%
  • zcashZcash(ZEC)$1,275.26-0.47%
  • dogecoinDogecoin(DOGE)$0.0791230.33%
  • moneroMonero(XMR)$597.95-0.32%
  • USDSUSDS(USDS)$1.00-0.07%
  • whitebitWhiteBIT Coin(WBT)$77.02-0.41%
  • chainlinkChainlink(LINK)$11.651.03%
  • leo-tokenLEO Token(LEO)$9.470.56%
  • cardanoCardano(ADA)$0.201688-0.18%
  • stellarStellar(XLM)$0.1708410.87%
  • nearNEAR Protocol(NEAR)$4.44-3.09%
  • bitcoin-cashBitcoin Cash(BCH)$278.98-5.23%
  • RainRain(RAIN)$0.006694-2.27%
  • daiDai(DAI)$1.000.00%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • litecoinLitecoin(LTC)$57.921.15%
  • uniswapUniswap(UNI)$7.192.70%
  • CantonCanton(CC)$0.1024046.79%
  • avalanche-2Avalanche(AVAX)$8.81-0.12%
  • USD1USD1(USD1)$1.000.02%
  • suiSui(SUI)$0.931.25%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.22-0.19%
  • hedera-hashgraphHedera(HBAR)$0.074139-1.40%
  • tether-goldTether Gold(XAUT)$4,017.26-0.54%
  • Global DollarGlobal Dollar(USDG)$1.000.02%
  • BittensorBittensor(TAO)$252.850.57%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.05%
  • shiba-inuShiba Inu(SHIB)$0.0000050.23%
  • quant-networkQuant(QNT)$194.33-0.03%
  • EthenaEthena(ENA)$0.2070876.00%
  • crypto-com-chainCronos(CRO)$0.0538660.94%
  • BitwayBitway(BTW)$1.77-2.18%
  • Ripple USDRipple USD(RLUSD)$1.00-0.01%
  • MemeCoreMemeCore(M)$1.07-3.21%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.02%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • okbOKB(OKB)$112.162.16%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aaveAave(AAVE)$132.800.99%
  • pepePepe(PEPE)$0.000005-0.45%
  • OndoOndo(ONDO)$0.4170220.80%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Meta’s Twitter killer? Brands shun Threads, traffic plunges

October 4, 2023
in Business
Reading Time: 3 mins read
A A
Meta’s Twitter killer? Brands shun Threads, traffic plunges
ShareShareShareShareShare

Many of the nation’s top brands and celebrities have stopped posting on Meta’s new social network Threads — billed as a “Twitter killer” at the time of its splashy summer debut — as user traffic has plunged by more than 80%.

YOU MAY ALSO LIKE

DoorDash buys Instacart for $17B in massive food delivery merger

Google parent Alphabet tumbles after profit disappoints

The National Football League, the wealthiest and most powerful sports league in the country, has not bothered to post on Threads in seven weeks.

Coca-Cola’s last post on Threads was a week ago while fast food giant McDonald’s hasn’t provided fresh content on the app for nearly two months.

Madison Square Garden’s official Threads account has not posted anything new in three months since first joining the app.

Five days after Threads was unveiled in July, parent company Meta revealed a staggering100 million users had signed up — nearly half of the 225 million active daily users that are on X, the social network formerly known as Twitter that’s now owned by Elon Musk.

Meta, however, achieved the eye-popping figure mainly because it automatically grants Instagram account holders with their own Threads page.

Top brands are shunning Meta’s “Twitter killer” app Threads as traffic to the site plummets.
Getty Images

At its peak in July, Threads drew an average of 49.3 million daily active users on Android, according to the research firm Similarweb.

That number has since dipped to 8.6 million — an 82% drop.

The Similarweb statistics were first reported by The Information.

The steep drop in traffic has prompted Meta staffers to brainstorm ways to reignite interest in the app as celebrities including Oprah Winfrey and Will Smith — who have largely shunned X, the app formerly known as Twitter — signed up for Threads but have posted little since.

Emily Austin, a social media influencer and podcast host who boasts more than 24,000 followers on X, told The Post that she was among a group of creators recently invited by Meta to participate in a pickleball tournament in New York City.

“My friend who does influencer marketing at Meta invited me [to the tournament],” Austin told The Post.

Madison Square Garden’s official Threads account has not posted new content in weeks.
Getty Images

Austin said that while she wasn’t offered any money to post exclusively to Threads, the outreach by Meta has boosted her motivation to post more on the app.

“They said they invited those who reflect Meta’s values to the highest regard,” Austin told The Post.

The Post has sought comment from Meta.

The rollout of Threads has added another wrinkle to the rivalry between billionaire foes Musk and Meta CEO Mark Zuckerberg.

During Musk’s tenure as owner of X, advertisers have fled while critics allege he has allowed hate speech to run rampant.

Coca-Cola is another top brand name that has not posted new material since last week.
Reuters

Meanwhile, Threads has quickly earned a reputation for being boring as a result of Zuckerberg’s emphasis on creating a “safe space” that avoids hard news and controversy.

Zuckerberg told The Verge last week that his company “set the culture for Threads” to be “a more positive, friendly place for discussion will hopefully be one of the defining elements for the next decade as we scale it out.”

“We obviously have a lot of work to do, but I’d say it’s off to quite a good start,” Zuckerberg said.

Musk, meanwhile, has panned Threads as “Instagram minus pics.”

Credit: Source link

ShareTweetSendSharePin

Related Posts

DoorDash buys Instacart for B in massive food delivery merger
Business

DoorDash buys Instacart for $17B in massive food delivery merger

October 29, 2026
Google parent Alphabet tumbles after profit disappoints
Business

Google parent Alphabet tumbles after profit disappoints

October 28, 2026
In-N-Out owner shuts down rumors chain is leaving California
Business

In-N-Out owner shuts down rumors chain is leaving California

October 28, 2026
Storied Wall Street law firm Weil Gotshal moves to shut down after mass exodus of top partners
Business

Storied Wall Street law firm Weil Gotshal moves to shut down after mass exodus of top partners

October 28, 2026
Next Post
Will Super Mario Run Be a Bigger Hit Than Pokémon Go?

Will Super Mario Run Be a Bigger Hit Than Pokémon Go?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Greta Thunberg joins French student protests

Greta Thunberg joins French student protests

October 26, 2026
Principal Financial Group, Inc. (PFG) Q3 2026 Earnings Call Transcript

Principal Financial Group, Inc. (PFG) Q3 2026 Earnings Call Transcript

October 27, 2026
Man caught on camera poisoning colleague

Man caught on camera poisoning colleague

October 26, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!