Meta's Threads could lure ads from Twitter but it's early days, analysts say

FILE PHOTO: Meta Threads and Twitter app logos are seen in this illustration taken, July 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Threads, Meta Platform's broadside to Twitter, is seen by some advertisers as less contentious and more predictable than Elon Musk's platform, and analysts say it could lure away marketing budgets - eventually.

Launched on July 5, Threads became the fastest-growing social media platform to hit 100 million users, the apparent first serious threat to the dominant microblogging Twitter app. On Sunday, Musk said Twitter would rebrand and change its logo to an X.