Billionaire’s Feud
The drama within the tech world continues as the recent feud between Musk and Zuck gets even more heated.
Starting with the launch of Zuckerberg’s Threads app, which almost immediately drew criticism from Musk.
The Tesla CEO accused Meta of stealing former Twitter employees, among other things.
Musk has been losing his marbles it seems and has continued his critiques of Zuckerberg and Threads.
Meanwhile, Zuckerberg has been taking more subtle jabs at Musk on Twitter. He posted a meme of two Spider-Men pointing at each other, drawing parallels between Threads and Twitter.
Then Musk tweeted about Zuckerberg being a “cuck” and a challenged him to a “literal d*ck measuring contest.”
Yes, you read that right.
The Power Move
Going beyond the feud between billionaires, the Threads app is proving to be a total Power Move for Meta.
So far at least.
It already has over 100m users, and if it keeps growing at this pace it could surpass Twitter in a matter of months.
Its integration with the company’s ecosystem allows users to share posts directly from Threads to other platforms like Instagram Stories. Verified Instagram accounts are even automatically verified on Threads.
This puts Threads in a strong position against Twitter, which is currently facing challenges like data scraping and system manipulations.
Threads Bull and Bear Case
Will Threads be a long-term success?
The My First Million Podcast did a great job this week outlining the Bull and Bear case for Threads.
Some of the things they mentioned were:
Bull case:
Phenomenal user growth due to low friction in acquiring users
Zuck’s expertise in the social media field
Twitter’s recent mistakes (such as adding friction by limiting features and embedded tweets)
Bear case:
Meta has not had much success in creating its own products (except Facebook) and has grown through great acquisitions (Whatsapp, Instagram)
The Instagram user base may not care about a Twitter-like product
User acquisition and growth is not the same as user retention
We will have to wait and see how things pan out. Oh and in the meantime, checkout our Threads account.