Threads Launches In Europe: Expanding Meta’s Reach

Threads Launches In Europe
Meta, the parent company of Facebook, has announced the launch of its X (formerly Twitter) competitor, Threads, in the European Union.
Discover the Power of Digital Wealth Management, Seamlessly - with Altoo. Platform Preview.

The move comes after the successful launch of Threads in over 100 countries, including the United States and the United Kingdom. With its entry into the EU, Threads now has access to a potential user base of 448 million people. This expansion is a significant step for Meta as it looks to establish itself as a global player in the social media landscape.

 

Understanding the delay in launching Threads in the EU

The delayed launch of Threads in European countries can be attributed to regulatory challenges, specifically the Digital Markets Act (DMA). The DMA, a comprehensive piece of legislation aimed at regulating Big Tech companies, has created complexities for Meta in complying with the new rules. As a designated “gatekeeper” under the DMA, Meta has until March 2024 to comply with the requirements set forth in the legislation.

Adam Mosseri, the head of Instagram, which is tightly integrated with Threads, acknowledged the impact of the regulatory landscape on the delay. While Meta didn’t explicitly mention the DMA, industry experts believe its provisions played a role in the timing of the Threads launch in Europe.

 

Threads’ integration with Instagram and its implications

One of the reasons for Threads’ early success was its seamless integration with Instagram. Users could sign up for Threads using their existing Instagram accounts, and quickly connect with other Instagram users they followed. This integration helped Threads reach 100 million users within days of its launch.

Your Wealth, Our Priority: Altoo's Consolidation Power, Secure Document Management, and Seamless Stakeholder Sharing for High Net Worth Individuals. Preview Platform.

However, questions have been raised about Meta potentially violating DMA rules against self-preferencing through this integration. In response to these concerns, Threads has undergone several changes since its launch. In mid-November, the platform introduced the ability for users to delete their Threads account without deleting their Instagram account. While the integration between the two services remains, it’s not as tightly intertwined as it was initially. Users still need an Instagram account to post to Threads.

 

Ad-Free subscriptions in Europe

Meta is now offering ad-free subscriptions in the European Union, European Economic Area and Switzerland for €9.99 (9.43 CHF Fr.) per month for web access and €12.99 (12.26 CHF Fr.) per month for mobile access. This initiative aims to address privacy concerns by eliminating behavioral tracking and personalized ads. While all linked accounts will initially be included, beginning March 1, 2024, each additional account will be subject to an additional fee of €6 (5.66 CH Fr.)  per month for web access and €8 (7.55 CH Fr.) per month for mobile access. 

Currently limited to users 18 and older, Meta is exploring ways to provide a “useful and responsible advertising experience” for teenagers. The move to ad-free subscriptions responds to user demands for greater privacy and offers Meta an alternative revenue stream amid potential regulatory changes affecting personalized advertising.

 

The potential impact on X and Meta’s strategy

Threads’ entry into the European market poses an interesting challenge to its main competitor, X. While Threads shares similarities with X as a short messaging service, there are important differences in their approach. Threads is designed to be more entertaining and community-oriented, with a focus on topics such as sports, music, fashion, beauty, and entertainment.

However, this divergence from a pure news service may limit Threads’ appeal to users looking for up-to-date information and news. Chronological sorting of posts, a critical feature for a news service, is not a primary focus for Threads. This distinction could result in X maintaining its stronghold as the go-to platform for breaking news and real-time updates.

We think you might like

When it comes to billionaires and tech moguls, the books they choose to read show interesting things about their intellectual interests and goals. We learn about the reading habits of some of the most important people in the world, like Elon Musk, Jeff Bezos, and Larry Page, by looking at the books they like to read.
Mark Zuckerberg's company, Meta, has launched Threads. It is a Twitter competitor that aims to fill the gap in the market for a stable and trustworthy social network. As the battle between Elon Musk and Mark Zuckerberg unfolds, the two platforms, Threads and Twitter, are set to collide in the digital arena. In this article, we will explore the features and potential impact of threads as they take on the established giant that is Twitter.

In case you missed it

Wealth owners are shifting away from traditional banking and manual methods in favour of tech solutions for more holistic wealth management. Tracking Altoo's journey as a Swiss-based fintech, this insight highlights the primary factors driving the change. It discusses the importance of cybersecurity and explores the concept of a paperless family office which digitisation can deliver.
Altoo: Your Gateway to Secured Streamlined Wealth. Discover Altoo Wealth Platform

Insights On Wealth Management And More.

Delivered To Your Inbox.
Left Menu Icon