Zero Hedge
By Tyler Durden – August 4, 2023
Under Mark Zuckerberg, Meta, previously known as Facebook, has faced a trifecta of recent failed product launches. The latest is the ‘Twitter-killer’ app “Threads,” which has already lost 80% of its daily active users. Meta’s ambitious venture into the world of creepy smart glasses has also ended in a flop, as well as its massive bet on the “metaverse.”
Let’s begin with Threads. Similarweb, a digital intelligence platform, shared new data with Gizmodo, showing active Threads users were around 49 million two days after the July 5 launch. As of Tuesday, that number stands at only 9.6 million.