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Despite a dizzying number of initial sign-ups, usage of Threads, Mark Zuckerberg's answer to Twitter, has declined significantly in recent weeks, according to a new report of by Similarweb, a digital intelligence platform.
Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
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27 Jul 2023
Within the first few hours of its launch on 5 July, Threads garnered 5m user registrations and within less than a week at least 100 million people had signed up for the app. But, three weeks later, active daily use or the number of users who engage with the site on a daily basis has dropped, from a peak of 49 million on 7 July to 12 million on 22 July, according to Similarweb.
Even on its busiest day, usership of Threads was less than half of Twitter’s, according to the data. Twitter averages more than 100 million active daily users.
“Most of those who still use Twitter regularly will continue doing so at about the same rate,” said David Carr, senior insights manager at Similarweb.
Threads, launched by Instagram-owner Meta, was meant to capitalize on the chaos at Twitter since its takeover by the billionaire Elon Musk, and
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