One year after what was arguably one of the most talked about technology launches in recent tech history, Meta's Threads, widely seen as an alternative to Elon Musk's X (formerly Twitter), continues to grow and add features as users still try to figure out exactly what to post on the platform.
“It hasn't carved out a niche, in terms of giving itself a unique brand identity, a purpose in the social media ecosystem,” said Matt Navarra, a social media consultant and analyst.
Mr Navarra, however, said that by any objective standard, with about 150 to 170 million active users and growing, Threads has probably exceeded the expectations of those inside Meta when the platform launched.
“It's growing fast,” he said. “It has all the core features you'd expect from a platform that's trying to be similar to X … it has likes, it has reposts, it has GIFs, image and video attachments and topic tags.”
Threads launched on July 5, 2023, amid a mounting backlash from Mr Musk's acquisition of Twitter. The entrepreneur and space tycoon made significant changes, including largely eliminating the platform's content moderation teams, rolling back verified accounts for prominent users and journalists, ending free API access, and reinstating various accounts previously banned for violating hate-speech policies and other rules.
Meta, still reeling from various user-data and disinformation controversies, managed to fill the vacuum created by Mr Musk's moves at Twitter. Just hours after Threads was available on iPhone and Android devices, 5 million users created accounts on the platform.
In less than one week, Threads broke records and announced that more than 100 million users had given the platform a try.
Mr Navarra points out that some of that success, can be traced back to Meta's decision to easily give Instagram users access to Threads (Instagram is owned by Meta), making for a seamless and expedited account creation process.
“That gave it a rocket-fuelled launch which took them to more than 150 million active users within the first nine months,” he said.
That decision, however, delayed the launch of Threads in the EU, and prompted tweaks by Meta to decouple the app somewhat from Instagram to comply with EU rules.
Similarly, Meta recently withdrew Threads in Turkey, after regulators in the country accused the app of violating data sharing policies due to the app's tie-in with Instagram.
Regardless, with Threads now available in most countries, Mr Navarra said that the platform has managed to provide the nearest global alternative to X, even if it has not matched X's approximately 550 million active users.
“We're not seeing X grow any more, it's plateaued and in some markets it's shrinking,” he said, noting that advertisers have begun to wince at the idea of advertising on the platform amid reports of increased hate speech and vitriolic content.
“Threads, however, is still growing,” he added.
Despite that growth, however, Mr Navarra points out that Threads still doesn't have an ad platform layer that allows for brands to advertise and in turn, give Meta another revenue stream, at least not yet.
“We're seeing rumours that they're talking with agencies and layering on an ad platform later this year,” he said.
While surviving one year in the app or platform marketplace might seem like a forgone conclusion, recent efforts by other much-hyped projects has shown that building and sustaining user interest is easier said than done. Success is far from guaranteed.
Back in 2020, despite ample funding and the backing of film producer Jeffrey Katzenberg and former HP chief executive Meg Whitman, the short-video based streaming app Quibi survived less than one year.
There was also Post, which like Threads, touted itself an alternative to X and debuted to much hype, only to fail to grow beyond 500,000 users. Post recently shut down in April, with its founder acknowledging that the platform was not scaling fast enough to rationalise additional investments.
The most recent flex from Threads was the addition of Fediverse functionality. In short, integrating the Fediverse option into Threads made it possible for users have their posts also appear on decentralised social media platforms like Mastodon.
Threads also recently announced the availability of the platform's API, which allowed for scheduling and creating posts by way of third-party applications – a major boost for people and organisations wishing to publish their posts and schedule the output of their content.
Yet when it comes to news content on Threads, one of the areas that helped build X into a social media powerhouse, Meta has taken more of a cautious approach over the last year.
“Meta has made a strategic decision not to lean heavily into political content or news content, which has often been seen as the beating heart of X,” said Mr Navarra. “It does hamper [Threads] ability to to give people a viable alternative to X.”
Mr Navarra is referring to comments made back in 2023 by Meta's Instagram and Threads lead, Adam Mosseri, in exchange with The Verge's deputy editor Alex Heath, where he acknowledged a lack of emphasis on news.
“Politics and hard news are inevitably going to show up on Threads – they have on Instagram as well to some extent – but we're not going to do anything to encourage those verticals,” he posted on Threads.
“Politics and hard news are important, I don't want to imply otherwise. But my take is, from a platform's perspective, any incremental engagement or revenue they might drive is not at all worth the scrutiny, negativity (let's be honest), or integrity risks that come along with them,” he added.
That decision, according to Mr Navarra, combined with a very saturated social media platform marketplace, have made it difficult for many to decide exactly how to use Threads and what to use it for.
“This is a challenge they need to overcome,” he said. “It hasn't really done anything drastically different from any other platform.”
Another element which may factor into the potential future, long-term success of Threads, is the creator and influencer community, which has come to define the social media experience for so many.
Meta has slowly increased the amount of analytics users on Threads can see to best determine how posts are performing, a critical aspect for many of those who seek to financially capitalise on their posts.
Throughout the platform's first year of existence, multiple media outlets and social content creators have reported that Threads has paid various creators hundreds of dollars for posts that have performed well.
I think Meta is probably really happy with how Threads has been growing
Matt Navarra,
social media consultant
“There have been limited creative bonuses and campaigns to drum up usage and interest,” said Mr Navarra, reflecting on his own reporting and sources. “But I'm still not seeing a huge amount of interest or time spent by big-name creators on the platform in the same way that you see them doing a lot of business on YouTube,” he added.
Threads is also finding itself competing for the attention of users already consumed by TikTok, Instagram, and even to some extent, career-based social networking platforms like LinkedIn.
In a recent interview with The National, entrepreneur and social media content guru Gary Vaynerchuk didn't mention Threads when he talked about his most recent book, which explains to readers various strategies for seven social media platforms they should care about.
“Every four to seven years, something has a real shot,” he said, when asked about the potential saturation of the social media platform sector, and the likelihood of a new venture's success.
“If you hit it, it's as lucrative as it gets,” he added, noting the potential upside of starting a new social network.
Regardless, one year later, Meta shows no sign of slowing down new features for Threads, and it keeps adding users.
To commemorate the platform's birthday, Meta rolled out a several new icons users can temporarily use in the Threads app.
"We're celebrating by giving you new app icons designed by people in the Threads community," reads the special birthday section of Threads.
Also coinciding with the anniversary of the social platform, Meta chief executive Mark Zuckerberg announced that Threads crossed the 175 million active monthly user mark.
"What a year," he posted to Threads.
While the platform is still finding its footing in the overall social media landscape, Mr Navarra said the last year of improvements have shown a resiliency and dedication to the platform from Meta.
“I think Meta is probably really happy with how Threads has been growing,” he said, while also reflecting on the sometimes fickle nature users and social platform popularity.
“It's still evolving so it's hard to know where it will land,” he said.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Mohammed bin Zayed Majlis