Meta CEO Mark Zuckerberg addresses Threads' user drop and future plans for retention

economictimes.indiatimes.com:

Meta CEO Mark Zuckerberg acknowledged that Threads, the company's recently launched social media platform, has experienced a significant drop in users, losing more than half of its initial sign-ups. Despite achieving a remarkable milestone of registering 100 million users within just five days of its release, the app's retention rate has been lower than anticipated.

During an internal call with employees, Zuckerberg candidly admitted the challenges, stating, «If you have more than 100 million people sign up, ideally it would be awesome if all of them or even half of them stuck around. We're not there yet.» While the decline in users is considered normal, the billionaire CEO expressed optimism about improving retention rates by adding more features to the app.Chris Cox, the Chief Product Officer of Meta, also participated in the call and highlighted the company's focus on implementing «retention-driving hooks» to encourage users to return to Threads.

Among the planned enhancements, one involves integrating Threads with Instagram to ensure that important Threads content is visible to Instagram users, enhancing cross-platform engagement. Threads, hailed by many as a strong competitor to Twitter, has already undergone two sets of updates since its launch, with more updates expected in the coming days.

Developed by the Instagram team, Threads operates under the parent organization Meta, a name that replaced Facebook in a major rebranding move. Meta CEO Mark Zuckerberg's acknowledgment of Threads' user drop shows a level of transparency in the company's communication with its employees.