Meta CEO Mark Zuckerberg recently announced that Threads, Meta’s response to Elon Musk’s X, has reached an impressive milestone of 175 million monthly active users within its first year of launch on July 5th, 2023. This growth has been fueled by the seamless integration with Instagram, allowing users to easily sign up using their existing accounts on the platform.
Although Threads has seen rapid growth in monthly active users, Meta has not disclosed daily user figures yet. This suggests that a significant portion of its user base may still be exploring the app rather than using it regularly in their daily routines.
Mark Zuckerberg has big aspirations for Threads, aiming for it to become Meta’s next billion-user app. The company is actively pursuing markets like Japan to expand its reach and compete with X in those regions.
Currently, Threads remains a financial investment for Meta, but there are plans to introduce ads in the future. With its integration with Instagram’s ad system and focus on lighter content, Threads could become a safer option for advertisers looking for alternatives to X.
While Threads may not be a cultural phenomenon just yet, its steady growth presents an opportunity for Meta to establish its relevance in the market. Adam Mosseri, head of Instagram, expressed the goal of achieving cultural significance and attracting hundreds of millions of users at the app’s launch.
In just one year, Threads has made significant strides in growth, but its journey is far from over. It remains to be seen whether it will achieve the status of a cultural hub and billion-user app as envisioned by Meta.