Instagram’s Threads to give big boost to Meta’s revenues
Analysts are predicting Thread’s user base will reach close to 200m daily active users within two years
Threads, Meta’s newly released rival to Twitter, could generate as much as $8 billion (€7.3 billion) in annual revenue, according to a new forecast.
Analysts at Evercore ISI indicates the new app will reach close to 200 million daily active users over the next two years.
It’s off to a good start: Instagram’s new app, designed as a direct rival to Elon Musk’s Twitter, signed up 100 million users in the days since Meta launched ...