Threads becomes fastest growing social media app

The news agency further reported that the social media platform, which was launched by Meta Inc.’s Instagram, broke the record of AI tool ChatGPT for fastest-growing consumer app.

"While ChatGPT took two months to hit the 100 million user mark and video-sharing app TikTok took nine months, Instagram itself took two and a half years to reach that mark after its 2010 launch," AFP reported.

Threads went live on Wednesday, July 20, 2023, and was launched in 100 countries. The social media app, according to AFP, is not yet in Europe because uncertainty still looms on how Meta Inc. would go about data protection laws on the continent.

The launch of the Threads App was not taken lightly by Twitter CEO Elon Musk, who, as Pulse Uganda has since learned, has threatened to sue Meta Inc., accusing the tech company of stealing trade secrets and other intellectual property.

In a letter to Meta Inc., Twitter’s lawyers accused the company of hiring Former Twitter employees who still had access to Twitter’s trade secrets and were highly confidential.

Meta Inc. CEO Mark Zuckerburg’s latest move has heightened the rivalry between the two centilionaires (billionaires with a net worth of more than $100 billion) following months of hot bickering.

Musk’s shakeup of Twitter has created instability at the company, which has been followed by a series of new changes.

The new changes and instability are said to have led to a shortfall in the company’s revenues.