Once again, Meta’s Mark Zuckerberg has misjudged both his product and the public. This follows the disaster of the Metaverse, with remains largely empty after costing billions to develop. If it were not for Facebook, Instagram and WhatsApp, all formerly developed platforms, Zuckerberg would be an also-ran. One must wonder just how smart he really is. ⁃ TN Editor
Threads, the new social media platform launched by Mark Zuckerberg as a rival to Twitter, has experienced a significant drop in user engagement and growth following a record-breaking debut. Analysts have published data showing a 25 percent dropoff in daily users and a 50 percent drop in the time spent on Facebook’s latest platform. Elon Musk has been quick to use his own Twitter platform to point out that Zuckerberg’s Twitter clone appears to be faltering.
CNBC reports that following a record-breaking debut, Threads, a new social media platform introduced by Facebook (now known as Meta) as a competitor to Twitter, has suffered a significant decline in user engagement and growth.
After a spectacular launch that saw a record 100 million sign-ups in just five days, Threads has seen a notable decrease in both user engagement and growth. Data from marketing intelligence firm Sensor Tower and digital data and analytics company Similarweb indicate a significant drop-off in these key metrics.
Anthony Bartolacci, managing director at Sensor Tower, noted the initial success of Threads, stating, “The Threads launch really did ‘break the internet.” Bartolacci stated: “In the 10-plus years Sensor Tower has been estimating app installs, the first 72 hours of Threads was truly in a class by itself.” However, Bartolacci also pointed out that recent data suggests a significant pullback in user engagement since Threads’ launch. Tuesday and Wednesday saw a 20 percent decrease in daily active users compared to Saturday, and a 50 percent decrease in user time spent, from 20 minutes to 10 minutes.
Similarweb’s data echoed these findings, showing a dropoff of more than 25 percent in daily active users between its July 7 peak and Monday for Threads users on Android phones worldwide. The average amount of time U.S. users spent on the app also dropped from about 20 minutes on July 6 to just over eight minutes on July 10. David Carr, senior insights manager at Similarweb, said, “While there was intense interest in checking out the app initially, not every user has made a habit of visiting Threads as often as they might other social apps.”
Despite the drop in engagement, Facebook remains optimistic about the future of Threads. A spokesperson for the company said, “While it’s early days, we’re excited about the initial success of Threads, which has surpassed our expectations. We launched the app just over a week ago, and our focus now is on ensuring stable performance, delivering new features and continuing to improve the experience in the coming months.”
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
And yet the stock price went from ~100 to ~300.
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