Is this why these two heavyweights are going to enter the cage for battle?
Its all about social media???
NEW YORK, July 5 – Meta’s META.O Mark Zuckerberg is set to deliver a blow to Elon Musk on Wednesday night, as the tech billionaires’ rivalry goes live with the launch of Instagram’s much-anticipated Threads platform, a clone of Twitter.
Analysts said investors were salivating over the possibility that Threads’ ties to Instagram might give it a built-in user base and advertising apparatus, which could siphon ad dollars from Twitter as its new CEO tries to revive the microblogging company’s struggling business.
While Threads is launching as a standalone app, screenshots posted on Apple’s App Store showed that users would be able to log in using their Instagram credentials and follow the same accounts, making it an easy addition to existing habits for Instagram’s more than 2 billion monthly active users.
“Investors can’t help but be a little excited about the prospect that Meta really has a ‘Twitter-Killer’ poised to launch on the app store,” said Danni Hewson, head of financial analysis at investment platform firm AJ Bel
www.the-sun.com/tech/8534775/threads-launch-meta-mark-zuckerberg-twitter-social-media/
h/t Barry Miacockener