Mark Zuckerberg-led Meta launched Threads, a new 'conversation' app and direct challenger to Elon Musk’s Twitter, dialing up the tit-for-tat between the billionaires.
In an interview with FOX Business, Richard Strasburger, a finance adviser at Raymond James, said, "Threads will certainly add to the value of Meta, but how big it becomes only time will tell.""Meta already has a large user base and great understanding of social media giving it an advantage over previous competitors to Twitter," he added. "It comes down to who do you have the most confidence in — Meta’s Mark Zuckerberg or Twitter’s Elon Musk.
In a sign of the competitiveness between the two, Musk and Zuckerberg agreed prior to the launch to a so-called cage match in the octagon.This combination of file photographs created June 22, 2023, shows SpaceX, Twitter and Tesla CEO Elon Musk, right, and Facebook founder Mark Zuckerberg.The new Threads app can be downloaded from the Apple store and is billed as "Instagram's text-based conversation app," with the listing teasing a Twitter-like microblogging experience.
Threads is displayed in the App Store on a laptop screen next to Mark Zuckerberg's Instagram post about Threads in an illustration from Krakow, Poland, July 6, 2023.
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