Meta launched Threads social media platform — its answer to Twitter — on Wednesday.
10 million users signed up for Threads in the first seven hours of its launch, per CEO Mark Zuckerberg.
Analysts say it could be tough for Threads to outshine Twitter's existing power user base.
And even though Threads launching at an advantageous time, at least four Wall Street analysts say it could be challenging to outshine the incumbent.
After all, it could be difficult to get Twitter users to move, Billy Duberstein, a portfolio manager at Stone Oak Capital, wrote on the Motley Fool website on Wednesday.
Persons:
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Organizations:
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