During the latest earnings call, Mark Zuckerberg, the CEO of Meta, revealed that their social media platform, Threads, has experienced significant revenue growth. In an unexpected move, they also announced that they will be distributing dividends to shareholders for the first time. Threads, which focuses on text-based content and competes with the likes of Twitter, has now amassed over 130 million monthly active users (MAUs). This consistent growth surpasses the initial launch statistics, where user numbers quickly escalated and then declined just as rapidly.
Zuckerberg is optimistic about Threads’ current trajectory and believes it will be a success for Meta. Looking at the figures reported in the Q3 2023, with approximately 100 million MAUs, it is safe to say that Threads is not experiencing the decline that many originally anticipated.
TLDR: Mark Zuckerberg, in Meta’s earnings call, announced the impressive growth of the text-based social media platform, Threads, with over 130 million monthly active users. This surpasses their initial launch statistics and indicates a promising future. Additionally, Meta is distributing dividends for the first time, signaling a positive financial outlook.
Source: TechCrunch.
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