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Jul 11, 2024 386

Threads hits 175 million users after a year!

#global

Meta’s rival to Elon Musk’s X is still growing, just not as quickly.

About a year and a half ago, Threads was conceptualized by Mark Zuckerberg. Now, as it nears its first anniversary, Threads boasts over 175 million monthly active users, reflecting significant growth despite the dynamic challenges in the social media landscape. Initially launched to compete with Elon Musk's X during a period of turmoil on that platform, Threads has managed a steady increase in users through strategic promotions within the Meta ecosystem, particularly via Instagram.

The growth trajectory of Threads has been notable, with the user base increasing consistently each month since its launch. This performance is especially significant given Meta's history with new app launches, which have sometimes struggled to gain traction. Meta is optimistic about Threads' potential, considering it could be their next billion-user platform. The focus now is on expanding in markets where it can effectively compete against X, like Japan, indicating strategic geographic and demographic targeting for future growth.

Financially, Threads is still in the investment phase for Meta, with plans to eventually integrate advertising as a revenue stream. The integration could leverage Instagram's existing ad system, aligning with Meta's broader advertising strategies. As the platform continues to grow, Meta is also keen on making Threads culturally significant and not just numerically successful, aiming for it to become a key player in the social media sphere.