'Twitter killer' Meta Threads now under government's lens in US
Meta executives, however, have made it clear that they don't want news and politics to dominate the conversation on Threads.
Meta's Twitter rival, Threads is now under investigation by the US House Judiciary which has reportedly asked Meta CEO Mark Zuckerberg to hand over documents about content moderation on the new platform that has crossed 150 million sign-ups.
House Judiciary Chair Jim Jordan (R-Ohio) has asked Zuckerberg to hand over documents “as part of the panel's ongoing investigation of tech platforms' policies and contact with the Joe Biden administration”, reports CNBC.“Threads raises serious, specific concerns because it has been marketed as a rival of Elon Musk's Twitter, which has faced political persecution from the Biden Administration following Musk's commitment to free speech,” Jordan wrote in the letter.
Meta executives, however, have made it clear that they don't want news and politics to dominate the conversation on Threads.
In his letter, Jordan said that there are reports that Threads will enforce 'Instagram's community guidelines', which resulted in “lawful speech being moderated following pressure by the govrnment”.
Meta did not immediately comment on Jordan's letter.
As Meta's Threads crosses 150 million sign-ups, its daily use has gone down miserably, with time spent by users now down by 50 per cent from 20 minutes to just 10 minutes.
However, Zuckerberg said "10s of millions of people now come back daily" on Threads and "that's way ahead of what we expected”.
According to Sensor Tower data, Threads platform's number of daily active users were down about 20 per cent since its debut on July 5.
Data from Similarweb showed a drop of more than 25 per cent in daily active users on Android phones globally.
The usage time also decreased by more than 50 per cent, it showed.However, these are early days and as Meta introduces more Twitter-like features, the daily use may go up and Threads can achieve the momentum it aspires for
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:38 PM IST