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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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TechMeta

Threads traffic continues to spiral, now down 82% just a month after launch

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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August 4, 2023, 11:26 AM ET
Meta CEO Mark Zuckerberg. The company’s Threads traffic continues to plunge.
Meta CEO Mark Zuckerberg. The company’s Threads traffic continues to plunge. KENZO TRIBOUILLARD—AFP/Getty Images
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Threads is seemingly coming unwound.

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The latest data reports from Sensor Tower show the daily active user count for the Twitter-like social media channel have dropped 82% since its breakthrough launch on July 5, CNN reports, citing data from Sensor Tower. The numbers are as of July 31.

While people rushed to sign up for Threads when it launched, peak daily usage was 44 million. These days, fewer than 8 million return on a daily basis. And those who do are spending less time there than they used to.

The average time spent has dropped from 19 minutes at its peak to just 2.6 minutes. And instead of opening it 14 times a day, current users only check in about three times now.

The numbers show that the slowdown in users isn’t slowing down for the Meta property. Just two weeks ago, traffic was down 70% from Threads’ launch.

Twitter users have remained steady at 200 million.

Meta and Mark Zuckerberg have once again not reacted to the new numbers, but Zuckerberg addressed the initial drop-off two weeks ago, saying it was expected and he anticipates user numbers will stabilize in the coming months.

“Early growth was off the charts, but more importantly tens of millions of people now come back daily,” he wrote. “That’s way ahead of what we expected. The focus for the rest of the year is improving the basics and retention. It’ll take time to stabilize, but once we nail that then we’ll focus on growing the community. We’ve run this playbook many times (FB, IG, Stories, Reels, etc.), and I’m confident Threads is on a good path too.”

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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