Hey friends!
Welcome to another edition of The Report. This week's newsletter is focused on Threads! If you haven't heard, Instagram has released a Twitter competitor for a text-based version of the app you already know and love. Threads is already insanely popular. It received 5 million sign-ups in the first four hours and hit the 100 million mark just a few hours ago. While a number of brands and celebrities have already signed up, Threads is already facing the heat from Twitter, with Elon Musk currently threatening to sue.
Despite this, Threads has garnered a lot of love, with many proclaiming that this is a happier version of Twitter. Meta plans to make Threads a part of the fediverse, which is a decentralized social media platform. This means that your audience on Threads can be a part of your audience everywhere else as well. Threads also plans to be ad-free for a while, at least until the app grows to a certain extent. In terms of content, Threads let users write 500 characters per Thread and the post can be supported with GIFs, videos and images. Currently, a Thread can support up to 10 images or media items.
What does all this mean for you? If you're a business or content creator trying to grow your business, Threads is the perfect opportunity to do so. The app is just growing and there's no Herculean algorithmic tasks to overcome before you reach success. Threads offers a vibrant opportunity to truly build a community you love, before the platform becomes too saturated. Threads offers small businesses and content creators alike a chance to get to know your Instagram followers and engage with them in a whole new way. This is the perfect time to embrace Threads and get yourself an account!
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