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Meta Surges To 130m Users, Gains 30m In Q3

Meta's fourth-quarter earnings, CEO Mark Zuckerberg proudly unveiled Instagram Threads' latest milestone
By Josefina Dipaolo
February 5, 2024

In the ever-evolving landscape of social media, Instagram Threads emerges as a formidable contender, boasting a burgeoning user base that has exceeded 130 million monthly active users, as revealed by Meta CEO Mark Zuckerberg during the company's fourth-quarter earnings report. Positioned as a text-based social networking app, Threads has swiftly risen to prominence in the wake of Elon Musk's acquisition of Twitter, now rebranded as X, positioning itself among a plethora of startups and open-source projects in the digital arena.

Zuckerberg, in his statement, acknowledges Threads' steady growth trajectory, despite the app experiencing an explosive rise prior to Meta's full readiness. Notably, Threads has surpassed its initial launch peak in user engagement, indicating promising signs of becoming a major success story in the realm of social media.

Meta's optimism towards Threads isn't unfounded, as evidenced by Zuckerberg's previous assertion that the app could potentially reach 1 billion users within a few years, a testament to its increasing popularity. With over 100 million monthly active users last quarter, Threads continues to gather momentum, aligning with Meta's broader strategy of expanding its digital ecosystem to encompass a diverse range of platforms.

Beyond Threads, Meta's family of apps, including Facebook, Instagram, Messenger, and WhatsApp, commands a staggering user base of 3.19 billion daily users and 3.98 billion monthly active users, underscoring its unrivaled influence in the digital realm.

As Threads gains traction, Meta's vision for a cohesive digital ecosystem comes into sharper focus, with the company's fourth-quarter earnings surpassing analysts' expectations, signaling robust financial performance. With Meta's foray into dividend payouts, coupled with Threads' promising trajectory, the stage is set for both continued innovation in social networking and sustained growth for Meta's shareholders.

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