July 4 (Cointime) - Mark Zuckerberg is reportedly launching the 'Threads' app as a direct competitor to Twitter, following the platform's new restrictions on daily user activity. The upcoming app is seen as a strong rival to Twitter, given Zuckerberg's experience in running Instagram and Meta's history in social media. The app's launch could provide an opportunity for users, assuming it doesn't offer paid services for a considerable amount of time.

Meta has released an early version of the app on the Play Store in select European countries, with a clear adaptation of the Instagram style font and the ability to log in with Instagram accounts. It remains to be seen how the app will handle the data scraping issue.