‘Meta Stock’ Searches Skyrocket 455% After The Announcement Of Threads
- Google searches for ‘Meta stock’ have increased by 455% after the announcement of Threads.
- The surge occurred within 24 hours of the announcement of the text-based conversation app on 4th July 2023.
- According to Zuckerberg, Threads received 5 million sign-ups within the first four hours of its launch.
Online Searches For ‘Meta Stock’ Surge
New data has revealed that worldwide searches for ‘Meta stock’ have skyrocketed by 455% since the announcement of Threads, a text-based conversation app that directly challenges Twitter.
The study, conducted by online trading specialists InvestinGoal, analysed worldwide Google search data within 24 hours of the announcement on 4th July 2023.
Threads – described by Meta as the first platform “envisioned to be compatible with an open social networking protocol” in a “new era of diverse and interconnected networks” – has a similar aesthetic and function to Twitter.
The announcement of the app follows recent controversy surrounding Twitter; Elon Musk outraged the user base by limiting the number of Tweets users can view daily on 1st July 2023.
A spokesperson at InvestinGoal has commented: “The price of shares fluctuates based on not only supply and demand but also public information regarding businesses, including their ownership.
“These findings reveal that online searches for ‘Meta stock’ has increased by 455% on Google. It will be interesting to see if the price of shares for Zuckerberg’s online empire surges and if the value of Twitter stock decreases in turn.”
About InvestinGoal
InvestinGoal is an online trading specialist that offers up-to-the-minute data on the best online brokers.
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Meta Platforms Inc. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 16.86% for Meta Platforms Inc. compared to the current price of 427.85 €.
