{"id":34962,"date":"2023-07-13T03:26:13","date_gmt":"2023-07-13T07:26:13","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/dozens-of-twitter-employees-spotted-on-metas-new-social-platform-threads-is-just-better\/"},"modified":"2023-07-13T03:26:15","modified_gmt":"2023-07-13T07:26:15","slug":"dozens-of-twitter-employees-spotted-on-metas-new-social-platform-threads-is-just-better","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34962","title":{"rendered":"Dozens of Twitter employees spotted on Meta\u2019s new social platform: \u2018Threads is just better.\u2019"},"content":{"rendered":"
\n

This news could needle Elon Musk: It seems his employees are joining the millions flocking to rival Meta\u2019s buzzworthy new app \u2014 which looks a lot like Twitter.<\/p>\n

Meta Platforms Inc.
\n META,
\n +3.70%<\/bg-quote>
\n launched its new Threads social-media platform and has reportedly amassed 107 million users in just its first week, which would make it the fastest-growing app in history.<\/p>\n

\n

As the user count for Threads continues to rise, even employees at social-media rival Twitter appear to have joined, according to a new report from the Daily Beast. And it looks like some of them are loving it.<\/p>\n

\u201c[Not gonna lie] the signup flow was really nice,\u201d one Twitter staffer posted about registering their Threads account.<\/p>\n

\u201cI\u2019m going to get fired for this, but I work at Twitter right now and have never really used it. Threads is just better,\u201d another Twitter employee wrote on Threads last week. \u201cHere\u2019s to a new world!\u201d<\/p>\n

See also: <\/strong>Elon Musk starts up xAI to \u2018understand the true nature of the universe\u2019<\/p>\n

For its report, the Daily Beast looked at a random sample of 133 people who said on their LinkedIn profiles that they work at Twitter and found that 31 of them had Threads profiles. Of course, joining a social-media platform doesn\u2019t necessarily mean that you favor it over another platform, and some Twitter employees could simply be joining Threads to scope out the competition.<\/p>\n

While there are dozens of social-media platforms, Threads is viewed as a more direct rival to Twitter than is TikTok or Instagram, because it\u2019s text-based instead of video- or image-based. Other text-based social-media platforms have debuted since Twitter\u2019s inception, including Bluesky and Mastodon, but neither has gained as much traction as Threads. Mastodon claimed more than 13 million users as of Thursday, and the invite-only Bluesky has been downloaded about 375,000 times, according to TechCrunch.<\/p>\n

Meta, formerly known as Facebook, has a history of copycat products including Reels, Instagram Stories and Facebook Marketplace.<\/p>\n

Per Twitter\u2019s new media-relations policy, the company sent MarketWatch a poop emoji when contacted for comment.<\/p>\n

Since Musk, the CEO of Tesla
\n TSLA,
\n +0.82%<\/bg-quote>
\n and SpaceX, purchased Twitter late last year for $44 billion \u2014 after a failed effort to back out of the deal \u2014 Twitter saw its revenue drop roughly 40% on a year-over-year basis as of December, according to the Wall Street Journal. Musk has also stirred controversies surrounding changes to the platform\u2019s verification badges, which critics say leaves Twitter open to misinformation and impersonation, and has slashed the company\u2019s workforce by more than 80%. Twitter has also mislabeled some independent media organizations as state-affiliated media.<\/p>\n

A leaked email from Musk earlier this year stated that Twitter was then worth less than $20 billion, or less than half what he paid for it.<\/p>\n

See also: <\/strong>Meta earnings could show how AI is already paying off<\/p>\n

Last week, Musk lawyer Alex Spiro sent a letter to Meta CEO Mark Zuckerberg outlining \u201cserious concerns\u201d that Meta has engaged in \u201csystematic, willful, and unlawful misappropriation\u201d of Twitter\u2019s \u201ctrade secrets\u201d with its launch of Threads. Musk referred to Meta\u2019s Threads launch as \u201ccheating\u201d in a recent tweet.<\/p>\n

Meta did not immediately return a request for comment.<\/p>\n

\u201cThreads reached 100 million sign ups over the weekend,\u201d Meta CEO Mark Zuckerberg posted on Threads Monday. \u201cThat\u2019s mostly organic demand and we haven\u2019t even turned on many promotions yet. Can\u2019t believe it\u2019s only been 5 days!\u201d<\/p>\n

Meta\u2019s stock moved 3.98% higher as of Wednesday afternoon and is up 154% year to date.<\/p>\n

Read on: <\/strong>Meta is no longer this analyst\u2019s top internet stock pick. Here\u2019s what\u2019s supplanted it.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This news could needle Elon Musk: It seems his employees are joining the millions flocking to rival Meta\u2019s buzzworthy new app \u2014 which looks a lot like Twitter. Meta Platforms Inc. META, +3.70% launched its new Threads social-media platform and has reportedly amassed 107 million users in just its first week, which would make it […]<\/p>\n","protected":false},"author":1,"featured_media":34963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-34962","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nDozens of Twitter employees spotted on Meta\u2019s new social platform: \u2018Threads is just better.\u2019 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"This news could needle Elon Musk: It seems his employees are joining the millions flocking to rival Meta\u2019s buzzworthy new app \u2014 which looks a lot like\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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