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Threads
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‘Meta loses more’: Zuckerberg takes Threads fight to EU
US tech titan Mark Zuckerberg is withholding his new Threads app from European users due to “regulatory uncertainty,” but experts believe his strategy will likely fail. The move is seen as a political push against the EU, and the outcome of this battle could impact the regulatory landscape for other big tech platforms in Europe.
The Digital Markets Act (DMA) poses challenges for tech firms, prohibiting data transfer across platforms without user consent. Analysts predict that Meta will struggle to navigate compliance issues and may face unintended consequences.
Twitter rival Threads signs up 100 million users in five days
Instagram’s Threads app has gained over 100 million users in under five days, surpassing the growth rate of ChatGPT and other popular apps. However, its availability in Europe is uncertain due to data privacy concerns and conflicts with the EU’s regulations.
Meanwhile, Twitter has faced technical issues and controversies since Elon Musk acquired the platform, and Threads’ connection to Instagram’s extensive user base has contributed to its rapid growth.
The rivalry between Musk and Meta’s Mark Zuckerberg has escalated, with Musk threatening to sue Meta and proposing a “penis-measuring contest.”