Meta's stock has seen significant gains due to the recent introduction of the Threads app, which has generated a 455% rise in interest.
In Brief
Meta’s Threads app quickly amassed 100 million users in just five days, prompting a remarkable 455% increase in Google searches for 'Meta stock.'
After the release of Threads, Meta's share price reached a striking new peak.
Since the introduction of Threads, which is a new messaging app similar to Twitter, interest in 'Meta stock' has skyrocketed by 455% worldwide. InvestinGoal This analysis involved examining global Google search patterns within 24 hours of the app's official announcement on July 4.
Meta’s new app reportedly achieved Threads impressively gained a user base of 100 million just five days post-launch. The app, positioned as a competitor to Twitter, went live on July 6 (or July 5 in regions like the U.S., Canada, and South America) and attracted 30 million users on its first day, as stated by Mark Zuckerberg.
A spokesperson from InvestinGoal pointed out that stock prices can fluctuate based on various factors, including supply and demand as well as public information regarding the firms, including their ownership status.
They noted, 'Our analysis indicates a 455% increase in online searches for 'Meta stock' on Google. It will be fascinating to watch whether Zuckerberg’s shares rise and if this correlates with a decline in Twitter’s stock value.'
On Tuesday (July 11), Meta’s stock increased The stock climbed by 1.42% to settle at $298.29. This milestone marks a new 52-week high for the company, surpassing the previous record of $298.13 set just two days earlier.
However, there have been privacy concerns The Threads application collects a significant amount of sensitive user data, including contacts, purchases, health information, geolocation, and browsing history. This wealth of data allows Meta to build detailed user profiles for targeted advertising. Additionally, it could leverage sensitive user information to customize feeds with personalized content.
Read more:
- How to Invest in the Metaverse: The Top 10 Metaverse Stocks Worth Considering
- Discover the 7 Best AI Financial Advisors and Stock Analysts for 2023
- Apple's Stock Prices Hit New Heights Ahead of WWDC23 and Upcoming Virtual and Augmented Reality Headset Launch
- Meta Quest v56 Unveils Swipe Typing Feature on Direct Touch Keyboard
Disclaimer
In line with the Trust Project guidelines Please keep in mind that the content on this page is purely informational and shouldn't be taken as legal, tax, investment, or financial advice. Always invest only what you can afford to lose and consider seeking advice from an independent financial advisor if uncertain. For additional information, refer to the terms and conditions as well as the support pages provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market conditions can change unexpectedly.
