Technology

Meta rolls out web version of Threads

 Meta Platforms said on Tuesday it was launching the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X, formerly Twitter.

Threads’ users will be able to access the microblogging platform by logging-in to its website from their computers, the Facebook and Instagram owner said.

Meta CEO Mark Zuckerberg said in a Threads post that the web version would reach users “over the next few days.”

The widely anticipated roll out could help Threads gain broader acceptance among power users like brands, company accounts, advertisers and journalists, who can now take advantage of the platform by using it on a bigger screen.

Threads, which crossed 100 million sign-ups for the app within five days of its launch on July 5, saw a decline in its popularity as users returned to the more familiar platform X after the initial rush.

In just over a month, daily active users on Android version of Threads app dropped to 10.3 million from the peak of 49.3 million, according to a report, dated August 10, by analytics platform Similarweb.

The company will be adding more functionality to the web experience in the coming weeks, Meta said.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

When trade sanctions increase the target’s trade

Data show that trade sanctions reduce commerce between the countries imposing them and their targets.…

4 days ago

Competition or collusion: Entry decisions in the Swedish pharmaceutical market

Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed…

4 days ago

Digitalisation and credit markets: Evidence from eInvoicing

Governments around the world are increasingly mandating the digitalisation of business records, yet little is…

4 days ago

Why Europe needs Eurobonds

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less…

4 days ago

Why more information can make macroeconomic expectations less accurate: Global evidence from 47 countries

Households do not simply choose how much macroeconomic information to acquire; they choose among sources…

4 days ago

Small and stuck: Why European firms can’t scale

In 2008, the US stock market was worth $3 trillion more than the combined European…

4 days ago