On thursday, Meta Platforms (META.O) launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk.
Those quick to join the new platform included celebrities such as Kim Kardashian and Jennifer Lopez and prominent politicians such as Democratic US Representative Alexandria Ocasio-Cortez.
“Let’s do this. Welcome to Threads,” Meta CEO Mark Zuckerberg wrote in his first post on the app, along with a fire emoji. He said the app logged 10 million sign-ups in seven hours.
He also took to Twitter, posting a well-known meme of Spiderman facing off against Spiderman – in a humorous jab at the rivalry with Musk and between the two services.
Analysts have said Threads’ ties to Instagram might give it a built-in user base and advertising apparatus. That could siphon ad dollars from Twitter when its new CEO is trying to revive its struggling business.
While Threads launched as a standalone app, users can log in using their Instagram credentials and follow the same accounts, potentially making it an easy addition to existing habits for Instagram’s more than 2 billion monthly active users.
“Investors can’t help but be a little excited about the prospect that Meta has a ‘Twitter-Killer’,” said Danni Hewson, head of financial analysis at AJ Bell.
Others saw the launch of Threads as an opportunity to create a less toxic version of Twitter.
“May this platform have good vibes, strong community, excellent humour, and less harassment,” Ocasio-Cortez said in her post.
Like Twitter, the app features short text posts that users can like, re-post and reply to, although it does not include any direct message capabilities. Posts can be up to 500 characters long and have links, photos and videos up to five minutes long, according to a Meta blog post.
