Instagram’s new Twitter competitor, Threads, is off to a rocket start. Mark Zuckerberg announced 30 million activated profiles, while internal data shows over 95 million posts and 190 million likes in less than one day,

  • @RGB3x3@lemmy.world
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    261 year ago

    See, this is why capitalism trends toward monopolies.

    A small developer could create the exact same app down to the semicolon, but wouldn’t get even a quarter of the traffic on release.

    But because it’s Meta (and somehow despite their awful record of privacy violations), the app gets over 30 million signups.

    The internet is controlled by 4 companies and there’s nothing we can do about it.

    • @aidan@lemmy.world
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      61 year ago

      Except it is nowhere near a monopoly in the social media space. There are so many general options, and specific forums for topics, etc. That’s not even to mention the fact that just because something doesn’t provide the exact same service doesn’t mean it’s not a competitor. In person communication, VoIP, etc are also competitors to social media.

    • TwilightVulpine
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      51 year ago

      Unfortunately that is the power of marketing, an already established user base and a low barrier of entry. People who have Instagram accounts already have a Threads account, and people who have a Facebook account already have an Instagram account. It’s much easier to get them to try than it is to get people to sign up for any Fediverse instance.

      I just hope that once it opens to the Fediverse, people who are already there can feel more comfortable to make the leap and drop Meta. Because Meta is not going to let the users drive the experience anyway.