WHY INSTAGRAM IS TAKING ON TWITTER WITH THREADS

Summary from the TLDR newsletter

Twitter's recent volatility provided Meta with an opening to compete. Meta had been planning to release Threads for a while, but the recent backlash over Twitter's limit on how many tweets people can see per day prompted the company to push it out this week. Meta expects tens of millions of people to try the service within the next few days. Threads is now available in 100 countries, but not in the EU due to complexities complying with some of the laws coming into effect next year.