Breaking: Meta Reveals Launch Date For Twitter Clone ‘Threads’ App
Crypto Market News: In the wake of Twitter’s new restrictions that limit daily user activity on the platform, Mark Zuckerberg is reportedly making quick moves to launch the ‘Threads’ app as a direct rival to Elon Musk’s social media site. Industry experts view the upcoming app as a strong competitor to Twitter, considering Zuckerberg’s experience in running Instagram and Meta’s history in the social media category. Last week, Musk announced limitations to the number of posts each user can access per day to prevent the data scraping problem on the platform. Accordingly, the restrictions were designed in favor of the verified users who pay the monthly subscription fees.
Also Read: Spot Bitcoin ETF Has a Fairly High Probability of Gaining Approval in the US – Bernstein Analysts
This makes Zuckerberg’s upcoming launch a perfect opportunity for users at the right time, assuming that the new platform would stay away from offering paid services for a considerable amount of time from the launch. Meanwhile, it remains to be seen how the ‘Threads’ platform would handle the data scraping issue especially from artificial intelligence companies.
Threads App Launch Preponed?
According to a Wall Street Journal report, Meta is preparing to launch the Twitter rival very soon. The Threads platform will hit the market soon after Musk announced new restrictions on user activity, the report explained, indicating signs of preponing the app launch in this scenario, which could be as soon as July 6, 2023. In the last few days, Meta appears to have released an early version of the app on the Play Store, making it available to select European countries. Screenshots of the app’s user interface show a clear adaptation of the Instagram style font and the ability to log in with Instagram accounts, making it easier for users to bring in existing followers to the new app.
Therefore, it could be longer before full scale global launch of the Threads app, following launch in the United States and select countries.
Also Read: Popular Analysts Predict 10% Rally In Ethereum Against Bitcoin, Will Altcoins Follow?
- XRP Lawyer John Deaton Says Bitcoin Could Still Rally To $110K Before Year End
- ‘Rich Dad Poor Dad’ Author Dumps Millions in Bitcoin But Says He’s Still Bullish
- BlackRock’s IBIT Sets New Trading Record In $11.5B ETF Volume Surge
- Charles Hoskinson Praises Cardano’s Network Design Amid ‘Poisoned’ Transaction Attack
- NYSE Approves Grayscale Dogecoin and XRP ETFs to Launch on November 24
- Dogecoin Price Finds Support: Can the 21Shares & Grayscale DOGE ETFs Spark a Surge?
- Will Solana Price Crash Under $100 as Crypto Market Signals Further Downside?
- Ethereum price Drops Below $2,700 as US Jobs Data Hits Rate-Cut Hopes
- Dogecoin Price Forecast: Will DOGE Hold Above $0.15 or Fall Lower?
- Pi Coin Price Eyes a 105% Surge as Bullish Patterns Align With Bullish Fundamentals
- Will XRP Price Rally to $3 After Bitwise Launches First XRP ETF on NYSE?






