X rival Threads set to hit 200 million monthly active users: Meta CEO

by IANS |

New Delhi, Aug 1 (IANS) As more than 3.2 billion people use at least one of Meta apps daily, X rival Threads is about to hit 200 million monthly active users (MAUs), Meta Founder and CEO Mark Zuckerberg has announced.He said the company is making steady progress towards building Threads what is going to be another “major social app”.During the Q2 earnings call with analysts, Meta CEO said “WhatsApp now serves more than 100 million monthly active users in the US."He said the company is also seeing good year-over-year growth across Facebook, Instagram and Threads as well, both in the US and globally.


The Meta family of apps continues to grow, with approximately 3.27 billion people using at least one of its family of apps on a daily basis in June.


“Q2 total family of apps revenue was $38.7 billion, up 22 per cent year-over-year. Q2 family of apps ads revenue was $38.3 billion, up 22 per cent or 23 per cent on a constant currency basis,” informed Meta.On an advertiser geography basis, total revenue growth continued to be strongest in Asia Pacific, at 28 per cent.


“We expect the relevance of video recommendations will continue to increase as we benefit from unifying video ranking across Facebook and integrating our next-generation recommendation systems,” said the social network.


The company is also seeing good momentum with its longer-term engagement priorities, including Generative AI.

Latest News
Most people unaware obesity can raise 20pc lifetime risk of pancreatic cancer: Study Wed, Oct 30, 2024, 04:59 PM
Late menopause may raise risk of asthma in women: Study Wed, Oct 30, 2024, 04:58 PM
Second train with 840 tonnes of onion arrives in Delhi to boost availability Wed, Oct 30, 2024, 04:58 PM
Digital transactions at Vietnamese banks reach 98 pc Wed, Oct 30, 2024, 04:57 PM
Fiji announces school support programme Wed, Oct 30, 2024, 04:55 PM
Godhra incident will not be taught in Rajasthan schools: Education Minister Wed, Oct 30, 2024, 04:51 PM
KT Rama Rao's brother-in-law appears before police in farmhouse party case Wed, Oct 30, 2024, 04:49 PM
Indian youth among best in innovation & technology: PM Modi Wed, Oct 30, 2024, 04:48 PM
2 hospitalised after 'significant fire' in British nuclear sub shipyard Wed, Oct 30, 2024, 04:39 PM
Nitish Kumar Reddy sees India A games as vital learning opportunity before BGT Wed, Oct 30, 2024, 04:38 PM
Minorities under attack in Pakistan: Maryam Nawaz says 'hang my head in shame' Wed, Oct 30, 2024, 04:37 PM
STF nabs three criminals for killing bouncer in Gurugram Wed, Oct 30, 2024, 04:36 PM
'MUDA scam is deeper', BJP MP demands CM Siddaramaiah's resignation Wed, Oct 30, 2024, 04:07 PM
When Cong loses, they start raising doubts on EVMs, ECI: Naqvi on Haryana election row Wed, Oct 30, 2024, 04:05 PM
Congress plea on EVMs based on lies: Haryana minister Wed, Oct 30, 2024, 04:03 PM