Meta's Text-Based App Threads Hits 150 Million Daily Users as Ads Ramp Up
Meta has reached a significant milestone with its text-based app Threads, growing to 150 million daily active users. The milestone was announced during the company's third-quarter earnings call, where CEO Mark Zuckerberg shared that Threads is "on track to become the leader in its category."
The rapid growth of Threads can be attributed to improvements made to Meta's AI recommendation systems, which have resulted in a 10% increase in time spent by users within the app. This surge in engagement has raised hopes among analysts and investors that Threads could soon surpass Instagram as Meta's next billion-person app.
As part of its efforts to expand Threads, Instagram chief Adam Mosseri revealed that the company is exploring algorithm personalization controls for the platform. This move aims to provide users with more relevant content based on their interests, which in turn will help increase user engagement and retention.
However, not all news from Meta's earnings call was positive. The company also confirmed that ads are ramping up on Threads, now running globally in 30 countries after a successful test earlier this year. This move has sparked concerns among some users about the potential impact of targeted advertising on their online experience.
To address these concerns, Meta CFO Susan Li announced that the company will expand ad formats on Threads to include video ads, following its typical monetization playbook. With a focus on optimizing ad performance and user engagement, Meta is betting big on Threads as a key revenue driver for its future growth.
As Threads continues to grow in popularity, it remains to be seen how the platform's algorithm personalization controls and ad formats will evolve. One thing is certain, however - Meta's decision to prioritize Threads has sent a clear message that the company sees significant potential in its text-based app, both for user engagement and revenue growth.
Meta has reached a significant milestone with its text-based app Threads, growing to 150 million daily active users. The milestone was announced during the company's third-quarter earnings call, where CEO Mark Zuckerberg shared that Threads is "on track to become the leader in its category."
The rapid growth of Threads can be attributed to improvements made to Meta's AI recommendation systems, which have resulted in a 10% increase in time spent by users within the app. This surge in engagement has raised hopes among analysts and investors that Threads could soon surpass Instagram as Meta's next billion-person app.
As part of its efforts to expand Threads, Instagram chief Adam Mosseri revealed that the company is exploring algorithm personalization controls for the platform. This move aims to provide users with more relevant content based on their interests, which in turn will help increase user engagement and retention.
However, not all news from Meta's earnings call was positive. The company also confirmed that ads are ramping up on Threads, now running globally in 30 countries after a successful test earlier this year. This move has sparked concerns among some users about the potential impact of targeted advertising on their online experience.
To address these concerns, Meta CFO Susan Li announced that the company will expand ad formats on Threads to include video ads, following its typical monetization playbook. With a focus on optimizing ad performance and user engagement, Meta is betting big on Threads as a key revenue driver for its future growth.
As Threads continues to grow in popularity, it remains to be seen how the platform's algorithm personalization controls and ad formats will evolve. One thing is certain, however - Meta's decision to prioritize Threads has sent a clear message that the company sees significant potential in its text-based app, both for user engagement and revenue growth.