Meta CEO Mark Zuckerberg has claimed that 10 million users have signed up for Threads within seven hours of launching the social media giant's new online social media app.
Zuckerberg announced that this is an initial version of Threads, an app built by the Instagram team for sharing text updates and joining public conversations.
"The vision for Threads is to create an option and friendly public space for conversation," he said in a Threads post following the launch. "We hope to take what Instagram does best and create a new experience around text, ideas, and discussing what's on your mind."
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.