Meta's Threads to Add $8 Billion in Annual Revenue by 2025
The newly announced Twitter alternative, Meta’s Threads is reportedly set to add $8 billion in annual revenue to the company by 2025. Moreover, Bloomberg has reported analyst data that suggest the new text-based social media application could be a huge financial win for the company. Launching last week, Threads is an Instagram companion application built off of the app’s 2 billion monthly users. Indeed, it has built an alternative to the immensely popular Twitter app and could drive Meta’s earnings upward. Source: Bloomberg Also Read: How to Use Instagram Threads? Meta’s Threads To Add Billions to Annual Revenue The social media landscape was taken by surprise last week with the arrival of Threads. Developed by the Mark Zuckerberg-helmed business, it has set forth a renewed competition between Twitter and Meta. Yet, it appears as though the newly released product is gaining ground on its competitor, based on recent Analysis . Specific...