Sign Up on MEXCBreaking: 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?
- Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
- Pi Coin Rises As Pi Network Implements Protocol v23 on Testnet
- Tether-Backed Plasma Stablecoin Blockchain Set to Launch on September 25
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- REX-Osprey Spot Dogecoin and XRP ETFs Launch With Record Trading Volume
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
