For Mark Zuckerberg’s Threads, the real rival is still TikTok – not the former Twitter

Is Mark Zuckerberg’s latest venture just a flash in the pan? That depends on whether it can hold its own against its biggest rival. And no, that’s not X, the former Twitter. It’s TikTok. And the odds are not great. — Bloomberg

Threads, the simple, bare-bones text-based social network created by Facebook owner Meta, burst onto the scene during a particularly bad week for the rival then still known as Twitter. It quickly amassed 100 million signups – a huge feat for a newcomer in the space – and was dubbed as a “Twitter killer”.

By week two, though, signups began to drop off. As of Aug 7, the number of people who used Threads daily hovered around 10 million on Android phones, down from 49 million when it launched a month earlier, according to research firm SimilarWeb.