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Threads by Meta Faces 50% Drop in Usage Following Impressive Launch

Ishika Setia by Ishika Setia
July 31, 2023
in Featured, Social Media, trending
0

Threads, Meta‘s alternative to Twitter, has been grappling with a significant drop in user engagement since its highly anticipated launch. Despite the initial excitement surrounding the platform, it has faced a challenging journey, with over half of its users reportedly abandoning the app. This decline in user activity has raised concerns within the company and prompted an internal town hall meeting to address the issue.

Threads

All About the drop in Threads usage

In the wake of its release, Threads witnessed an impressive surge in interest, drawing in over 100 million sign-ups within just five days from its debut on July 5. The overwhelming response seemed to foreshadow a promising future for the app. However, the momentum quickly waned, and the number of active users dwindled considerably in the following days and weeks.

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According to a report by SimilarWeb, Threads’ daily active users declined significantly from 49 million on July 7 to a mere 23.6 million on July 14, highlighting the concerning trend of user attrition. This development raised questions about the app’s long-term viability and its ability to compete effectively with established social media platforms like Twitter.

In response to the dwindling user engagement, Meta CEO Mark Zuckerberg expressed his perspective during the internal town hall meeting. He acknowledged that while the app’s retention rate was better than initially expected, it was far from perfect, indicating that retaining users on the platform remained a challenging endeavor.

Despite the setback, Zuckerberg remains cautiously optimistic about Threads’ potential for growth and improvement. He reassured the Meta team that fluctuations in user numbers were not uncommon for new platforms, especially given the ambitious scale of the app’s launch. He emphasized the need for continuous enhancements to ensure a compelling user experience, which would encourage users to stay engaged with the platform.

As part of the plan to revitalize user interest and engagement, Zuckerberg and his team discussed introducing additional “retention-driving hooks.” These innovative features are intended to entice users to return to the app regularly, making Threads a more integral part of their social media experience. One of the proposed strategies includes seamless integration between Threads and Instagram, allowing users of the popular photo-sharing app to access and interact with critical Threads content effortlessly.

Despite the current challenges, Zuckerberg’s dedication to improving Threads remains unwavering. During a recent second-quarter earnings conference call, he openly acknowledged that there was a lot of fundamental work to be done on the platform. This includes not only building and experimenting with features that users find valuable but also creating an environment that fosters strong user engagement and loyalty.

Furthermore, Zuckerberg hinted at potential monetization plans for Threads in the future. As the app scales and reaches a considerable user base, Meta aims to explore avenues for generating revenue while ensuring that such strategies align with the platform’s user experience and remain non-intrusive.

Tags: MetaThreadsTwitter
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