Connect with us

Hi, what are you looking for?

Technology

Threads now reaches more than 130 million monthly users, says Meta, up 30M from Q3

Meta CEO Mark Zuckerberg announced during the company’s fourth-quarter earnings call that Instagram Threads now boasts over 130 million monthly active users. This text-based social networking app emerged following Elon Musk’s acquisition of Twitter in 2022, now known as X, competing with various startups and open-source projects like Bluesky, Mastodon, Nostr, Post, and others.

Zuckerberg mentioned that Threads is steadily growing, despite experiencing an unexpected surge in popularity before Meta was fully prepared for it. He noted that Threads currently has more active users than during its initial launch peak, indicating its potential for significant success.

In the previous quarter, Zuckerberg expressed optimism about Threads, envisioning its potential to reach 1 billion users within a few years. Meta’s entire app ecosystem, including Facebook, Instagram, Messenger, and WhatsApp, saw a steady increase in daily and monthly active users, reaching 3.19 billion and 3.98 billion, respectively, in the fourth quarter.

Recent data suggests that Threads is gaining momentum, with December downloads tripling and ranking as the sixth most downloaded app globally across app stores. Leveraging Instagram’s vast user base, Threads achieved rapid adoption, hitting 100 million registered users within five days of its launch. Although interest waned initially, Meta’s promotional efforts reignited growth, securing Threads’ position among the top 10 most downloaded apps.

Zuckerberg’s remarks aim to dispel concerns surrounding Threads’ decline, which some prematurely labeled as dead. With an estimated 160 million users, Threads’ resurgence indicates sustained relevance in the social networking landscape.

In terms of financial performance, Meta exceeded analyst expectations, reporting $40.1 billion in revenue for the fourth quarter of 2023, along with earnings of $5.33 per share and a net income of $14.02 billion. For the full year, revenue amounted to $134.90 billion. Additionally, Meta announced its inaugural cash dividend of $0.50 per share, scheduled for payment in March to shareholders.

Click to comment

Leave a Reply

Your email address will not be published.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

You May Also Like

Business

Microsoft Teams had a major hiccup on Friday, causing disruptions and various issues for users. The problem started around 11 a.m. EST and quickly...

Business

JetBlue Airways is considering pulling out of its $3.8 billion acquisition of Spirit Airlines following a federal judge’s blockage of the deal in response...

Business

Tesla is pulling back nearly 200,000 cars in the U.S. over a glitch with the backup camera not kicking in when the car’s in...

Politics

The former US president Donald Trump is aiming to deal a significant blow to the campaign of the former South Carolina governor as she...