The recent announcement of Threads, Meta's Instagram-Twitter fusion, initially sparked confusion and skepticism. However, its subsequent launch witnessed an astonishing surge, with 30 million people signing up within hours. Threads, as Meta's latest innovative endeavor, faces a formidable challenge in its quest to overthrow Twitter as the leading microblogging platform. Nevertheless, the platform boasts significant potential due to its advanced technology, established user base from Instagram, and a commendable reputation for enhanced moderation, appealing to advertisers seeking a more secure environment.
Twitter's Vulnerabilities: Threads emerges during a critical period for Twitter, which has grappled with technical issues and faced backlash following Elon Musk's decision to temporarily restrict free accounts to viewing only 600 tweets per day. Such moves are likely to further impact advertising on the platform, exacerbating an ongoing crisis that has persisted throughout Musk's tenure. The convergence of technical woes at Twitter and a relatively slow news week sets the stage for Threads' potential success. John Wihbey, a professor in the School of Journalism and Media Innovation at Northeastern University, who has consulted for Twitter, states, "Suddenly, you have something that's improbable: Meta has entered microblogging, and people are actually embracing it."
Threads' Advantages and Distinctiveness: While Threads is closely linked to Instagram, it is a distinct app offering a significant advantage over other Twitter imitators. It leverages Instagram's vast user base, enabling individuals to follow accounts they already engage with on Instagram as they transition to Threads. Backed by Meta, Threads benefits from a team of engineers that outperform volunteer-run networks like Mastodon. Additionally, users can seamlessly share Threads on their Instagram stories. Instagram's head, Adam Mosseri, also announced that Threads will eventually support ActivityPub, the protocol behind Mastodon, allowing users to migrate their followers to another service if they decide to leave Threads or if the app ever shuts down.
Current Limitations and Potential: Threads, although promising, is yet to match the full capabilities of Twitter. Users must have an Instagram account to sign up, and Threads is currently unavailable in the European Union due to stringent privacy standards that the app may not meet. The feed defaults to a mix of followed accounts and algorithmically curated posts, lacking a direct messaging feature and chronological feed order. Additionally, Threads lacks a trending topics section, and its search feature primarily brings up accounts rather than specific topics or posts, which may initially discourage users interested in following major news events. As of now, the platform does not incorporate advertisements.
Reception and Market Opportunities: Despite a minor hiccup during Zuckerberg's failed Threads loading attempt, the platform experienced a mostly smooth launch and garnered a positive reception. Microblogging, however, remains a risky venture as social platforms focusing on this niche have struggled to achieve consistent profitability. Nevertheless, Threads has the potential to enhance Meta's brand while Twitter's reputation falters, providing an opportunity to attract advertisers who have become disillusioned with Twitter. Tama Leaver, a professor of internet studies at Curtin University, believes that if Threads can effectively displace Twitter's toxic environment, it may surpass Musk's platform in popularity.
The Importance of Brands and Advertisers: Threads' appeal to brands and advertisers is crucial in its battle against Twitter. Upon its launch, the platform witnessed an influx of brand participation, with Netflix, Spotify, and news organizations quickly joining. Instagram has long been regarded as a brand-friendly platform, while Twitter's trustworthiness continues to wane. Matthew Bailey, principal analyst of media and entertainment at Omdia, views Meta's foray into Threads as a strategic move to capture advertisers who have migrated away from Twitter. Establishing a brand-safe environment remains paramount in this pursuit.
Competitors and Future Outlook: Although previous competitors have not succeeded in toppling Twitter, Meta's flagship microblogging platform faces ongoing technical and ethical challenges. Decentralized Mastodon experienced an initial surge in users but struggled to maintain momentum, with active monthly users currently at 1.7 million. Bluesky and other emerging platforms have garnered attention, but none have emerged as a clear victor. Meanwhile, Twitter continues to navigate its path, encountering stumbling blocks even eight months after Musk's acquisition. Instagram and Threads, too, face their unique challenges, including issues of harassment, hate speech, and their impact on mental health. However, Instagram's reputation remains relatively better than Twitter's, which has witnessed an increase in hate speech under Musk's leadership. Notably, Meta's decision to link Threads with Instagram instead of Facebook indicates a strategic move to avoid the latter's negative reputation for toxic political debates among an older audience.
Meta's Track Record and Threads' Future: Meta's track record outside its core apps raises questions about its ability to cannibalize competitors successfully. While Instagram Reels and Instagram Stories have capitalized on popular features from TikTok and Snapchat, respectively, they have not managed to eclipse their rival networks. Meta's ventures into the metaverse and other offshoots have faced challenges, often leading to discontinuation. Additionally, the merging of Twitter's snarky, meme-filled, and news-centric brand with Instagram's aesthetics and positive personal updates poses challenges for Threads. Nonetheless, if Threads can sustain user engagement beyond its initial launch and combat toxicity effectively, it may carve out its own niche as a more welcoming platform for conversations.
In conclusion, while Threads may not replace Twitter entirely, it presents a compelling alternative with a potential focus on fostering friendlier discussions. As users seek alternatives to Twitter and Instagram continue to attract attention, Threads has an opportunity to establish itself. Its success will depend on addressing the needs of communities and individuals while providing a secure environment. Advertisers' interest and Meta's dedication to developing a brand-safe space will play a crucial role in Threads' future. Despite competition from existing platforms, Threads has the potential to disrupt the microblogging landscape if it can overcome the challenges that lie ahead.