
Mark Zuckerberg celebrates as Threads closes gap with X
Various estimates indicate that X, which went live in 2006 as Twitter, has between 500 million and 600 million active monthly users.
"Threads on the up and up," Mr Zuckerberg posted on the platform with a fire emoji.
Adam Mosseri, who leads Meta's Instagram app and briefly oversaw Threads, also hailed the news.
"This started as a zany idea to compete with Twitter and has evolved into a meaningful platform that fosters the open exchange of perspectives," Mr Mosseri wrote.
He said those at Meta working on Threads know there is more work to be done to keep the user base growing. b
"I'm grateful to all of you for making this place what it is today," Mr Mosseri said.
Meta hastened the development of Threads in 2023 and launched it shortly after Elon Musk's acquisition of Twitter caused significant concern and controversy among users who worried about the world's richest person withdrawing various fact-checking and hate speech policies, among other changes.
In the initial description for the app on Apple iOS App Store, Meta said it wanted Threads to be a place 'where communities come together to discuss everything from the topics you care about today to what you'll care about tomorrow'.
Because the app was paired heavily with Meta's Instagram accounts, it was quickly able to accumulate 100 million users in its first week, alengagement time on the app initially struggled to grow.
The similarity of Threads to X at the time prompted Mr Musk's company to send a letter to Meta alleging 'wilful and unlawful misappropriation of Twitter's trade secrets and other intellectual property'. But there was no specific litigation.
The decision by Meta to pair the app with Instagram and make the sign-up process significantly easier increased interest in the platform. But it also caused scrutiny in countries such as Turkey, where regulators accused the app of breaching data-sharing policies due to its tie-in with Instagram.
Meta also later made tweaks to Threads to comply with data-sharing rules, among other policies in the EU.
While there is still much debate over how much time users are spending on Threads, it has managed to provide an alternative to X, which continues to operate under a cloud of scrutiny due to Mr Musk's recent forays into politics.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
an hour ago
- Khaleej Times
Passwords under threat as tech giants seek tougher security
Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security method -- but also running into public hesitancy. "The password era is ending," two senior figures at Microsoft wrote in a July blog post. The tech giant has been building "more secure" alternatives to log in for years -- and has since May been offering them by default to new users. Many other online services -- such as artificial intelligence giant OpenAI's ChatGPT chatbot -- require steps like entering a numerical code emailed to a user's known address before granting access to potentially sensitive data. "Passwords are often weak and people re-use them" across different online services, said Benoit Grunemwald, a cybersecurity expert with Eset. Sophisticated attackers can crack a word of eight characters or fewer within minutes or even seconds, he pointed out. And passwords are often the prize booty in data leaks from online platforms, in cases where "they are improperly stored by the people supposed to protect them and keep them safe," Grunemwald said. One massive database of around 16 billion login credentials amassed from hacked files was discovered in June by researchers from media outlet Cybernews. The pressure on passwords has tech giants rushing to find safter alternatives. Tricky switchover One group, the Fast Identity Online Alliance (FIDO) brings together heavyweights including Google, Microsoft, Apple, Amazon and TikTok. The companies have been working on creating and popularising password-free login methods, especially promoting the use of so-called access keys. These use a separate device like a smartphone to authorise logins, relying on a pin code or biometric input such as a fingerprint reader or face recognition instead of a password. Troy Hunt, whose website Have I Been Pwned allows people to check whether their login details have been leaked online, says the new systems have big advantages. "With passkeys, you cannot accidentally give your passkey to a phishing site" -- a page that mimics the appearance of a provider such as an employer or bank to dupe people into entering their login details -- he said. But the Australian cybersecurity expert recalled that the last rites have been read for passwords many times before. "Ten years ago we had the same question... the reality is that we have more passwords now than we ever did before," Hunt said. Although many large platforms are stepping up login security, large numbers of sites still use simple usernames and passwords as credentials. The transition to an unfamiliar system can also be confusing for users. Passkeys have to be set up on a device before they can be used to log in. Restoring them if a PIN code is forgotten or trusted smartphone lost or stolen is also more complicated than a familiar password reset procedure. "The thing that passwords have going for them, and the reason that we still have them, is that everybody knows how to use them," Hunt said. Ultimately the human factor will remain at the heart of computer security, Eset's Grunemwald said. "People will have to take good care of security on their smartphone and devices, because they'll be the things most targeted" in future, he warned.


Zawya
an hour ago
- Zawya
CoinDesk owner Bullish prices IPO above range to raise over $1.1bln
NEW YORK - Bullish, a cryptocurrency exchange operator that counts billionaire Peter Thiel amongst its backers, said its U.S. initial public offering was priced above its indicated range at $37 per share. The offering raised $1.11 billion for Bullish based on 30 million shares sold and valued the company at $5.41 billion. Bullish was earlier aiming to price its offering between $32 and $33 per share. The share sale comes as IPOs are bouncing back following a dry spell for U.S. equity capital markets that lasted for more than two years. Stablecoin issuer Circle Internet upsized its initial IPO in early June on strong investor demand and its shares have increased more than 400% since then. Shares of design software maker Figma surged 250% in its market debut just over two weeks ago. With its listing, Bullish joins a burgeoning list of crypto players that have tapped public markets this year, buoyed mainly by crypto-friendly regulations under the Trump administration. In July, U.S. President Donald Trump signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, marking a huge win for crypto supporters who have long lobbied for such a regulatory framework in a bid to gain greater legitimacy for an industry that began in 2009 as a digital Wild West famed for its innovation and speculative chaos. Bullish, which is led by former New York Stock Exchange president Tom Farley, operates an exchange that offers spot crypto trading, futures and derivatives trading, and also owns media outlet CoinDesk. It is expected to start trading on NYSE under the ticker symbol "BLSH" on Wednesday. Institutional investors including BlackRock and Cathie Wood's Ark Investment Management have committed to buy upto $200 million worth of shares from Bullish's offering. JPMorgan, Jefferies, and Citigroup are the lead underwriters for the IPO. (Reporting by Echo Wang and Anirban Sen in New York; Editing by Dawn Kopecki)


The National
an hour ago
- The National
US rate cut call adds fuel to global market rally
Treasury chief says inflation fears are overblown as Nasdaq, S&P 500 and Nikkei hit record highs