Jim Cramer’s Prediction on Threads vs. Twitter
Renowned TV personality and ex-hedge fund manager, Jim Cramer, made a bold prediction that Mark Zuckerberg’s new app, Threads, would “kill Twitter.” However, recent data suggests that Cramer may have missed the mark with this forecast.
Main Breakdowns:
- Cramer’s initial statement seemed accurate as Threads gained over 100 million sign-ups in just 5 days, making it one of the fastest-growing apps.
- However, Threads quickly lost its momentum and now has close to zero search interest on Google, while Twitter remains consistently popular.
- Within two hours of launch, Threads witnessed 2 million downloads and attracted 100 million user registrations in just 5 days, surpassing Twitter’s growth rate.
- Threads, however, experienced a rapid decline, losing over half of its users within 10 days of launch.
- A lack of marketing efforts and promotion by Meta Platforms may have contributed to the drop in interest for Threads.
Hot Take: While Threads initially showed promise, it failed to maintain its popularity in the face of Twitter’s ongoing success. Cramer’s prediction did not align with the subsequent decline of Threads, highlighting the unpredictable nature of the cryptocurrency market.
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