Social media has become an inseparable part of everyday life. It serves as a space for exchanging information, a place to talk, a platform for business and even a means of influencing public opinion. Today we stand on the threshold of a new stage in the development of social media, and the whole world is watching it.
At the centre of attention — two giants, two titans of the digital world. On one side, Twitter — the long-recognised microblogging service loved by many, which has recently run into some difficulties. On the other, Threads — a new project from Mark Zuckerberg that has already attracted the attention of millions of users around the world.
In this article we try to make sense of the details of this «IT clash of the century». We examine what sets each platform apart, compare their functionality and development strategies, and try to predict the prospects of each.
Table of contents:
- Twitter: the basics about the social network
- What is Threads?
- Twitter in 2023
- A comparison of Threads and Twitter
- The reasons behind the «war» between Elon Musk and Mark Zuckerberg
- Threads and Twitter as platforms for promoting a business
Twitter: the basics about the social network
Since Elon Musk acquired Twitter in October 2022, the world's media have been busy speculating about the platform's fate. To get a full picture of Twitter's current position, however, various metrics and indicators have to be examined.
The last Twitter investor update, which focused on activity on the platform between April and June 2022, showed that the company had 237.8 million «monetisable daily active users» (mDAUs) by the middle of last year. That figure was 3.8% higher than the 229 million the company had published just 3 months earlier in its Q1 2022 investor update.
Data from a single quarter is not a reliable basis for forecasting the future. During the three years before Musk's acquisition, the data published in Twitter's earnings reports showed average quarterly mDAU growth of about 4.5%. If we focus on the recent, «stable» period (that is, from Q4 2020 to Q2 2022), we get an average quarterly growth figure of 3.5%.