For what it's worth, I like Meta long term, although they just gapped up in price so it's not such a screaming steal any more. Folks taking profits aren't being stupid here.
Also: I bet Meta has already topped 100 million users. WOW, that was fast.
I also bet this is the last non-AI centered app to hold that particular record (fastest to 100M).
Really enjoyed this Devansh. Something that occured to me based on your Twitter comparison (even if they took Twitter's customers, Twitter still isn't a money-maker)...
Doesn't it seem like the population of Twitter users is pretty different from and smaller than the population of Instagram users (who they cross their fingers will become Threads users)? With that larger scale, I think Threads should have better economics.
Regardless, it's small $$ for Meta's overall business... agree with you there.
For what it's worth, I like Meta long term, although they just gapped up in price so it's not such a screaming steal any more. Folks taking profits aren't being stupid here.
Also: I bet Meta has already topped 100 million users. WOW, that was fast.
I also bet this is the last non-AI centered app to hold that particular record (fastest to 100M).
Really enjoyed this Devansh. Something that occured to me based on your Twitter comparison (even if they took Twitter's customers, Twitter still isn't a money-maker)...
Doesn't it seem like the population of Twitter users is pretty different from and smaller than the population of Instagram users (who they cross their fingers will become Threads users)? With that larger scale, I think Threads should have better economics.
Regardless, it's small $$ for Meta's overall business... agree with you there.