Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Meta’s Threads app, which gained 100 million signups within five days of its launch on July 6, reportedly witnessed a drop in usage and lost nearly half its active users in a week.
According to a study conducted by data-tracking site Similar Web, the daily active users on Threads plummeted from 49 million to 23.6 million in a week.
The daily minutes spent in the US on the app, which was being viewed as “Twitter killer”, also dropped drastically. Threads users in the US were spending an average of 21 minutes on the app on July 7 but this came down to around just six minutes by July 14.
The study stated that Threads had more than 49 million daily active users on Android worldwide on its best day on July 7. This was about 45% of the usage recorded by Elon Musk’s Twitter that day. Twitter had over 109 million active Android users on July 7.
But, by July 14, the number of active users on Threads came down to 23.6 million, which was around 22% of Twitter’s active user base.
Meta founder Mark Zuckerberg, in a Threads post, said he was optimistic about the app, while claiming that “10s of millions of people now come back daily”.
Zuckerberg added, “The focus for the rest of the year is improving the basics and retention. It'll take time to stabilize, but once we nail that then we'll focus on growing the community. We've run this playbook many times (FB, IG, Stories, Reels, etc) and I'm confident Threads is on a good path too”.
Meanwhile, Threads continue to add interesting features. A few new features were introduced for iOS users in the last few days. Threads developer Cameron Roth shared that some bugs were fixed and new features rolled out with an iOS update.
The features include translations, “follows tab” on the activity feed, an option to subscribe to unfollowed users, “activity feed scrolling”, “tappable reposter labels [reshare posts hassle-free]”, and “following + on thread replies page [a page to keep track of all the replies on your posts]”, among others.
Also Read:
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
business1 day ago
Company strengthening regional presence and service offering
business2 days ago
Sinochem may keep three refineries in China's Shandong province
business2 days ago
Memorandum of understanding aims to enhance cooperation in the construction sector
business3 days ago
Serenia Living’s architecture and interiors have been led by Palma’s expert team
business3 days ago
Company’s backward integration model reaps dividends
business3 days ago
Participating companies announce several cooperation achievements
business3 days ago