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Meta Threads engagement has dropped 50% in a week
(www.nbcnews.com)
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this post was submitted on 14 Jul 2023
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From what I've heard about the feel it's a giant data (=cash) grab. Sorta like how Google+ was a me-too and never took off.
The massive inrush is like what happens when the new restaurant opens in town. Everyone goes once or twice to check it out but if it sucks it will still fail even if it is super busy the first week.