Welcome “Threads”: the new Twitter’s competitor
- 6 July 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Threads by Meta Platform is now live
On Wednesday, Facebook parent Meta Platforms officially launched a new Social media app called Threads, after an initial soft launch to which only Mark Zuckerberg and some journalists have had access.
The new social media app allows people to post, text up to 500 characters, post links, photos and videos that are up to five minutes long.
Threads use part of Instagram’s infrastructure, so people can log in using their existing Instagram data to facilitate the acquisition of followers.
At the time of writing, Meta CEO, Mark Zuckerberg has written a post on Threads saying that 10 million people have joined the new social media in 7 hours.
Threads app is available in more than 100 countries and it is inevitably the comparison to its direct rival Twitter (owned by Elon Musk).
Both Twitter and Threads in fact are quite similar except for the limit of the number of posts that an user can see in a day imposed by Musk’s social media app.
In October 2022, Twitter has been bought by Elon Musk and since then, the app has been through difficult times with many technical issues and critics about how the service moderates the content so many users have decided to close their accounts.
Threads app is still in an initial phase and there will be more updates in the near future but it seems to be a real Twitter rival.
Will you join the new app?
Portfolio update
I remain neutral and cautious about the stock market, especially now that the investor’s sentiment is extreme greed and the US indices are in overbought territory.
I hold both long and short positions and aim to profit regardless of the market direction.
If you are already copying my portfolio, please keep the copy open.
If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).
Remember to copy the open trades to optimize the copy.
Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.
Thank you, everyone. Have a nice day!
Steps to follow to copy my portfolio automatically:
1. Create an eToro account here: https://federicamontella.com/go/etoro/
2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)
3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/
4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)
5. Enjoy, it’s all automatic. You will make passive income 24/7
Let me know if you have any questions.
Federica Montella
eToro Popular Investor
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