plummets,

Threads’ user engagement plummets 70% after explosive start

Social media app Threads, Meta’s new Twitter alternative, has seen a nearly 70% decline in the number of daily active users since its July 7 peak, according to market intelligence firm Sensor Tower, spoiling their explosive launch just two weeks ago and paling in comparison to Twitter, the social media giant it’s trying to dethrone. …

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Sweet Home Chicago? Chicago PMI Unexpectedly Plummets, Longest ‘Contraction’ Streak Since Great Financial Crisis

by confoundedinterest17 Sweet Home Chicago? After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest streak of prints in ‘contraction’ since the Great Financial Crisis. Under the hood, none of …

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