Threads, while carrying the Instagram brand, will be a standalone app. AFP
Threads, while carrying the Instagram brand, will be a standalone app. AFP
Threads, while carrying the Instagram brand, will be a standalone app. AFP
Threads, while carrying the Instagram brand, will be a standalone app. AFP

Everything you need to know about Meta's Threads and how it will rival Twitter


Alvin R Cabral
  • English
  • Arabic

While we wait for Mark Zuckerberg and Elon Musk to slug it out physically, we can look forward to a new battlefront in their virtual worlds.

Instagram's rival to Twitter, Threads, will be made available this week, adding to the crowded arena of social media apps.

What differentiates Threads from Twitter is that it is decentralised, meaning no single individual or organisation owns or regulates it, similar to cryptocurrencies – exactly what Mr Musk, who acquired Twitter, envisions for the platform.

Launching apps that appear to be clones of others isn't new in the world of social media, as technology companies try to emulate – and possibly improve on – the success of their competitors.

The first sign of Threads emerged in March when it was reported that Meta would launch an Instagram-branded app to take on Twitter, which was confirmed to The National by a company representative. At the time, the project was known as “P92".

Instagram, Meta Platforms and Mr Zuckerberg, its chief executive, have not released any official statement on Threads, and even its listing on Apple's App Store gave away few details. Here's what we know about it.

What is Threads?

The App Store description says Threads is “Instagram’s text-based conversation app”, in which users can “say more”.

“Threads is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow,” it says.

“Whatever it is you’re interested in, you can follow and connect directly with your favourite creators and others who love the same things – or build a loyal following of your own to share your ideas, opinions and creativity with the world.”

Screenshots on the App Store show features such as finding followers, the ability to follow the same accounts being followed on Instagram and conversations that are similar to Instagram threads (hence, its name, we suppose).

Meta gave away few details on its App Store listing, but it's clear that users can reply to, repost and forward posts – very similar to Twitter. Additionally, you can also choose the audience who can reply to your posts.

One more advantage Threads will have is that its users will already have their Instagram circles to draw from, instead of starting over and building a new community. Despite this, Threads is a standalone app.

Threads screenshots from Apple's App Store
Threads screenshots from Apple's App Store

When and where is it available?

It will be available on Thursday and can currently be pre-ordered on the App Store.

Compatibility-wise, Threads will be available on iPhones and iPod Touches that run iOS 14 or later. It won't be available for iPads – no surprise here since Instagram also isn't on Apple's tablets.

It was first dropped on the US App Store, sparking initial speculation that it would be a limited release. However, it popped up in Europe shortly thereafter, and The National can confirm that it is also available as a pre-order download in the UAE.

It is unclear at what time on Thursday devices will commence downloading the app.

How about Android users?

Strangely, Threads did appear on Google Play on Sunday but has since disappeared and, as of writing, is still unavailable.

People are speculating that it was a mistake, with no further details available. There is no word on when Threads will be made available for the operating system that powers nearly 72 per cent of the world's mobile phones (as of March, according to Statista).

How will it handle my data?

According to its App Store profile, the data that “may be collected and linked to your identity” by Thread, includes financial and sensitive information. This is more than what Twitter uses.

This could be a concern for users, who are sensitive when it comes to companies accessing their data. Meta is no stranger to privacy controversies, including being involved in the Cambridge Analytica scandal and beng fined a record $1.3 billion in May for violating EU privacy laws.

Why is decentralisation a big deal?

Being a decentralised platform means it has an open-source algorithm that will allow the public to inspect and scrutinise its proprietary software, or even use it in other applications.

This transparency would help build user trust, and a Mastodon-style app from Meta could help propel open-source microblogging into the mainstream.

Such a move would allow California-based Meta to leverage its user base. As of January, Instagram alone had about two billion users while its sister platforms Facebook and WhatsApp had 2.96 billion and two billion, respectively, latest data from Statista shows.

In comparison, Twitter only has about 556 million users.

It remains unclear if and how Threads would be linked to Meta's other platforms.

Does it support Arabic?

No. Well, not yet. Threads will support 31 languages – Croatian, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian Bokmal, Polish, Portuguese, Romanian, Russian, Simplified Chinese, Slovak, Spanish, Swedish, Tagalog, Thai, Traditional Chinese, Turkish, Ukrainian and Vietnamese.

This means that the app will be launched, at the very least, in countries where the languages above are native.

Meta would be expected to work towards supporting more languages. It took seven years before Instagram finally supported Arabic in 2017, but we can count on a faster implementation given advancements in development and, more importantly, the user base it has in this part of the world.

Instagram Reels, its short-video app that rivals TikTok, needed only seven months before it was launched in Arabic.

Surely there's another app named 'Threads'?

Just for fun: there is actually an app called Threads on both the App Store and Google Play. It's also a communications platform that is more than four years old.

But it's readily distinguished from Meta's upcoming offering. If you try to search for “Threads” on the App Store, one of the top suggestions is “Threads, an Instagram app”, while on Google Play, the incumbent Threads' description says it is “not affiliated with Threads by Meta” (in all caps, to drive home the point, we think).

For some reason, searching only for “Threads” on the App Store doesn't return Instagram's app in the results. An alternative way to pre-order the app is to search for it on the web on your mobile, then tap the result from the App Store, which will take you directly to the download/pre-order page.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: July 07, 2023, 5:43 AM