Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival.
Dubbed as the “Twitter-Killer,” Threads was the top free app on Apple’s App Store in the UK and the US on Thursday. Its arrival comes after Meta CEO Mark Zuckerberg and Twitter’s Musk have traded barbs for months, even threatening to fight each other in a real-life mixed martial arts cage match in Las Vegas.
“The cage match has started, and Zuckerberg delivered a major blow. In many ways, it’s exactly what you’d expect from Meta: Stellar execution and an easy-to-navigate user interface,” Insider Intelligence principal analyst Jasmine Enberg said.
Twitter responded on Thursday by threatening to sue Meta, according to the publication Semafor, citing a letter delivered to Zuckerberg by a lawyer for Twitter.
Numerous competitors to Twitter have sprung up following Musk’s $44 billion purchase of the social media platform last year, which was followed by a series of chaotic decisions that have alienated both users and advertisers. Musk’s latest move involved limiting the number of tweets users can read per day.
Twitter’s stumbles make room for a well-funded competitor like Meta Platforms, analysts and experts said, particularly because of its access to Instagram users and its advertising strength.
“Meta’s release of Threads came at the perfect time to give it a fighting chance to unseat Twitter,” said Niklas Myhr, professor of marketing at Chapman University, referring to the turmoil at Twitter after it limited the number of tweets users can see.
“Threads will be off to a running start as it is built upon the Instagram platform with its massive user base and if users adopt Threads, advertisers will be following closely behind.”
Other competitors have found limited success. Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users.
Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk’s buyout.
While Threads is a standalone app, users can log in using their Instagram credentials, which makes it an easy addition for Instagram’s more than 2 billion monthly active users.
Threads’ launch was clearly a first stab at a service as it currently lacks the bells and whistles of Twitter.
“There should be a public conversations app with 1 billion+ people on it. Twitter has had the opportunity to do this but hasn’t nailed it. Hopefully we will,” Zuckerberg said on Threads, where he now has a million followers.
Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. It also does not yet have a direct messaging function and lacks a desktop version that certain users, such as business organizations, rely on.
Some users including tech reviewer Marques Brownlee posted about the need for a feed that only consists of the people one follows. Users currently have little control over the main feed.
Twitter CEO Linda Yaccarino, who was hired by Musk in May to shore up advertiser confidence, said in tweet on Thursday that “everyone’s voice matters” on the app. “We’re often imitated — but the Twitter community can never be duplicated.”
Currently there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.
Existing ad relationships from Instagram and Facebook should help Threads’ revenue, said Pinar Yildirim, associate professor of marketing at the University of Pennsylvania’s Wharton School.
“Facebook is a less uncertain bet compared to Twitter and a bigger player in the ad market.”
Some analysts said Threads was reminiscent of Meta’s success in integrating crucial features of platforms such as Snapchat and TikTok in the case of Instagram’s Stories and Reels.
At least four brokerages raised their price target on Meta, whose shares have already more than doubled in value this year.
On Thursday, Meta shares were down 0.2% amid a broader market selloff, after rising 3% on Wednesday ahead of Threads’ launch.
The app is available in over 100 countries, but Bloomberg News reported that it won’t be launched in the European Union as of now as Meta works out how data sharing between the new platform and its Instagram app will be regulated.
Ford’s UK boss has called on the government to provide consumer incentives of up to £5,000 per car to boost demand for electric vehicles and help the industry hit challenging climate targets.
Lisa Brankin, chair of Ford UK & Ireland, told Sky News that direct support for consumers to purchase zero-emission vehicles is crucial if the industry is to remain viable and hit challenging net zero milestones.
Last week, amid increased industry pressure, the government launched a “fast-track” review of its Zero Emission Mandate (ZEV), which sets targets for the proportion of new vehicles that must be electric – set at 22% this year for cars and 10% for vans.
Manufacturers say those targets are unrealistic, and a £15,000 fine per non-compliant vehicle is too harsh. Vauxhall owner Stellantis cited the ZEV as a factor in the closure of its Luton plant announced last week.
Speaking at Ford‘s Halewood plant on Merseyside at the launch of the Puma Gen-E, the electric version of its best-selling small SUV, Ms Brankin said consumer demand has fallen far below that envisaged when the mandate was set.
“The mandate is a really aggressive trajectory to 2030 and the phase out of new petrol and diesel vehicles. For us to get a return on our investment as a manufacturer – we have spent £380m here [at Halewood] and £2bn in Cologne – we need and want to sell electric vehicles. The problem is customers are not moving as we would want.
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“The number one thing we want is direct customer incentives, perhaps a scrappage scheme, we have been calling for a cut in VAT on electric vehicles. Something that will incentivise customers to buy EVs, and incentivise the van and car sales that we badly need in the UK.”
Asked if the incentives would need to be in the order of £2,000-£5,000 to be effective, she said: “That is a good question, but it would need to be in that region. It will need to be substantial.”
The Puma Gen-E is significant for Ford because it is the company’s smallest and cheapest EV, with a starting price of just under £30,000, bringing it closer to mass market reach than its existing models.
The Halewood plant has just begun making the Gen-E power unit, used in both the Puma and the E-Transit Custom, the electric version of Ford’s 60-year-old commercial vehicle. They say it will now power Britain’s best-selling car and van.
It comes as the entire European car industry faces challenges in the transition away from internal combustion, including softening consumer demand, stiff Chinese competition and the threat of tariffs from the incoming second Trump administration.
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Ms Brankin defended Ford’s move into electric vehicles, a transition that thus far has failed to replicate its former dominance of the UK market for petrol and diesel vehicles.
She also said state support for its UK plants at Dagenham in Essex and Halewood was dwarfed by the company’s investment.
“The support we’ve had from the government is still far below the amount that we’ve poured into our business to make the EV transition. And for us to have a sustainable business it’s important that it’s profitable for us going forward if we are going to protect the jobs we’ve already created.
“We have got a really good range of electric vehicles, we are just not seeing customers making the switch as fast as we would want them to.”
The Office for National Statistics (ONS) has admitted efforts to overhaul unreliable data on Britain’s jobs market may not be ready until 2027.
The ONS confirmed it is now “unlikely” it will be able to introduce a revamped version of its Labour Force Survey (LFS) – which is the official measure of employment and unemployment in the UK – by mid-2025, leaving policymakers in the dark over the true state of the UK workforce.
Governor of the Bank Andrew Bailey said it was “a substantial problem” that the exact numbers of people at work are unknown in part due to fewer people answering the phone when the ONS call.
While the labour market is going to be “the key” to future rate cuts, another memberof the interest rate decider Professor Alan Taylor told the MPs of the Treasury Committee last month: “We don’t necessarily have the best statistics there.”
The government too has built policy around the belief that the UK has a high number of people out of work and not looking for work.
Just last week the government announced £240m for reforms to “get Britain working”.
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‘The benefits system can incentivise and disincentivise work’
But on the same day, the Bank’s chief economist said labour force participation “has now reached the point where participation is broadly in line with a natural level it should be”.
The UK had been thought to be an outlier compared to its neighbours in that the number of people in work is lower than before the COVID-19 pandemic.
Respected thinktank the Resolution Foundation had also said that there was no rise in inactivity based on HM Revenue & Customs data and that employment had been underestimated by 930,000 since 2019.
Also revised due to changes in population is the employment estimate, which is 0.1% higher than first thought, the ONS said.
The ONS said it continued “to advise caution when interpreting changes” in things like unemployment and economic inactivity.
More than a year ago in October 2023, the ONS temporarily suspended publication of its official labour force survey due to low response rates after the pandemic and began releasing experimental estimates that relied on tax and other data sources.
Each year the Micromobility America conference meets in California to showcase the latest companies and advancements in the light electric vehicle world. The sister show to Micromobility Europe, this year’s North American conference moved to Southern California, bringing to Costa Mesa an array of just about every type of micromobility device you could imagine, from e-bikes, e-scooters and fully-fledged electric motorcycles to four-wheeled neighborhood electric vehicles.
While it’s hard to cover every single company from the show, we did our best to pull out as many highlights as possible. See them below, or watch the video for an up close and personal experience. Or both!
Lectric Ebikes
Lectric Ebikes, which has grown in just five years to the best-selling electric bike brand in the US, had a prime spot at the show to share the company’s ever-growing lineup. At the center of the booth was the new Lectric XPedition 2.0 electric cargo bike, which was recently unveiled as a major update to the brand’s first cargo e-bike.
The XPedition somehow retained the same $1,399 selling price, while coming with lots of new features like an upgraded frame, improved suspension fork, torque sensor, better brakes, color display, larger battery options, and plenty of other new features.
The company’s CEO, Levi Conlow, was also one of the most popular speakers at the event, sharing his insights with the standing-room-only audience.
VMAX Electric Scooters
The Swiss-based electric scooter company VMAX was also on hand, leveraging their US expansion last year and their local LA-based distribution center.
The company brought nearly all of their models of electric scooters to the show and I had the chance to try several of them out.
The small and low-cost ($349!) VMAX VX5 and its upgraded VX5 Pro electric scooter are surprisingly peppy for a so-called “entry-level scooter”, and I could easily hit the 18 mph (30 km/h) top speed. There’s no suspension, but the scooter is so light that it doesn’t seem to miss it.
I spent more time on the VX2 Extreme (and I also borrowed one for the few days I was in LA – more on that experience soon) and can tell you that the upgraded power is potent. In its highest power mode, the 1,600W rear hub motor would easily wheelie and I had to remember to keep more weight on the front of the scooter while accelerating or just not go full-throttle, like I’m used to on weaker scooters where the throttle is basically an on/off switch. With the VX2 Extreme, you can treat the throttle more like an actual variable accelerator instead of just mashing it all the way to take off. That’s how much power this light and nimble scooter unleashes. Pretty impressive for $799!
The last model I tried was the VMAX VX4, which adds some comfortable suspension and more speed, though is a bit heavier. You give up some portability to get that extra performance, so this isn’t one you’d want to carry for too long (unless you’re ok with hauling 60+ lbs around by hand), but it’s incredibly planted and comfortable for longer cruising at higher speeds.
Fly E-Bike
This was my first chance to see the expanded lineup from Fly, which is basically the go-to electric bicycle dealer in New York City. They’ve got dozens of retail footprints in the city and are the main supplier to all of those delivery riders you’ll see doing the important yet thankless work of criss-crossing the city to bring food and deliveries to residents in mere minutes.
While Fly is known for its electric bicycles, the company has expanded into nicer-looking and higher-performance electric seated scooters and motorcycles.
I was shocked to see the impressive designs at the booth, especially since I had long associated Fly with all of those electric bikes with massive batteries meant for all-day delivery riders and not heavier duty motorcycles like these.
BikeOn electric bike conversion kit
The BikeOn conversion kit is one of the most highly engineered kits I’ve seen for converting a standard pedal bike into an e-bike.
It mounts in under 30 seconds to nearly any bicycle, attaching its bright red anodized gear ring to the largest sprocket on a bike’s rear cassette. It includes a built-in torque sensor that measures the force applied to the chain, allowing the small yet powerful motor to power the rear wheel directly.
The entire kit weighs just 3.8 lb (1.7 kg) without the battery, and that little motor is rated for either 250W or 750W, depending on the market. There’s even a compatible Android and iOS smartphone app that you can use as the kit’s dashboard.
The battery fits in a water bottle holder, and adds just 3.3 lb (1.5 kg) to the bike. It’s fairly small at 250 Wh, but they say it can add 20 miles of range to the bike.
This kit is not cheap, priced at US $1,246 without a battery or US $1,599 with a battery. You can buy very nice complete electric bicycles for that price, but that’s not really the point of this kit. Instead, this is designed to allow riders to convert a bicycle that they already own and love – especially nicer, high-end bicycles that you wouldn’t want to bolt a bunch of heavy gear onto.
Oh Wow Cycles
Oh Wow Cycles has some of the biggest – and coolest – electric bicycles I’ve ever seen. This company’s electric trikes are simply out of this world. Sure, they’ve got more “normal” two-wheeled e-bikes too, but the rickshaws are what really catch your eye. And that’s exactly what happened at the show, with these big people movers instantly drawing me into the booth.
The new Conductor Plus is basically the minivan of the e-bike world, providing ample seating in the back for multiple children or even adults! And as a double-duty electric trike, the bench seat actually folds forward to convert into more of a pickup truck bed for cargo or pets.
Unlike some trikes, which require you to bust out your hex wrench set and swap accessories to convert from passengers to cargo-carrying setup, this e-trike can convert in two seconds without the need for any tools.
There are also an option for dual batteries, which is a good idea for anyone planning on longer rides or using this e-bike for more commercial-style delivery duty.
I was also fortunate to have the chance to meet the company’s founder, Ash Soliman, and get a tour of the new models with him at the company’s booth. It was refreshing to see how excited Ash is about these e-bikes, especially for their use in so many roles from family transport to cargo duties and more.
These are definitely some awesome models to check out if you want the kind of heavy-hauling capabilities that expand beyond those of a traditional e-bike or even cargo bike.
Tempo e-bike insurance
Getting your electric bike stolen is an awful feeling. I’ve been there. Multiple times. Not only does it feel like a personal violation, but you’re left with a serious financial loss since most e-bikes are well over $1,000.
Fortunately, there’s a new electric bike theft insurance program called Tempo that sounds like exactly what I need – and probably what you need, too.
The company’s founder, Michael Keating, explained to me how the system works. In a nutshell, you pay US $199 and you get three years of theft protection – basically $5.50 per month. That protection includes active theft recovery by working with bike registries and local law enforcement. As part of the membership, riders get a registered bike number stamped on multiple anti-theft stickers designed to alert thieves of the active recovery program, and the stickers also include a special UV pigment so they still leave a mark on the bike even if removed.
If a bike is stolen, Tempo does its best to get it back using all of its various tools and connections in the industry. If they can’t get your bike back, you get up to $2,500 from Tempo to replace the bike. If you’re riding any of the mostly sub-$2,500 electric bikes in the US (the vast majority of all e-bikes), that’s a pretty great deal. If you’re on a $10,000 S-Works e-bike, you may want to look for a different insurance program.
Hyryd hydrogen-powered e-bikes
I first had the chance to see Hyryd’s hydrogen-powered electric bikes at the Micromobility Europe 2024 show, and now the company most recently showed off their technology in the US at Micromobility America 2024.
Unlike nearly all other e-bikes, which store energy in a battery, the Hyryd e-bikes use a small hydrogen tank combined with a fuel cell to generate electricity that powers the rear-wheel motor.
The bikes themselves are designed for the European market and thus don’t have the same power we’re used to in the US, but the technology is neat to see in action.
I’m not sure this is the future of e-bikes, and in fact I’m fairly sure it isn’t. But if they can find some niche use such as in sharing or commercial fleets where a central electrolysis machine can refill hydrogen bottles in a depot, then perhaps there’s something to this.
E-Cuffs scooter lock
This one caught me by surprise, but it was neat to see these new scooter handcuff-style locks from E-Cuffs.
They use a quick-release system, so they can stay mounted on the scooter’s stem for normal use and then pop off for quick locking to various objects.
Scooters can represent a tricky locking problem since they rarely have a good triangle like e-bikes to secure a lock onto the frame. But with the E-Cuffs, an e-scooter can be conveniently locked around its stem or downtube.
Joyride Revii
We’ve seen Joyride at several events in the past, showcasing the company’s connected platform that makes it easy for startups or established companies to operate fleets of smart-connected micromobility vehicles. Want to open your own Bird scooter startup? Joyride can get you up and running easily with your own fleet of digitally integrated scooters that all phone home.
Now the company is demonstrating off a new platform called Revii for larger micromobility vehicles (sometimes referred to as “minimobility”) including golf carts, Low-Speed Vehicles (LSVs) and other Neighborhood Electric Vehicles (NEVs).
The app works similarly to Joyride’s micromobility platform, but makes it easier for hotels, resorts, convention centers, or other operators of vehicle fleets like these to manage and control their vehicles.
As these important car-replacing vehicles become more common, and more locations begin offering fleets for rental, shared, or other commercial uses, Revii’s platform could become increasingly common in the space.
Ryvid electric motorcycles
Electric motorcycles were also a big part of the show, with Ryvid sharing test rides on its US-built Anthem and Outset electric motorcycles. Both feature Ryvid’s proprietary removable battery design, allowing motorcycle owners to park outside and roll their large battery into their garage or apartment to charge from a wall plug. You can even take it up into a tall apartment building as long as you’ve got an elevator!
The Anthem also has a number of other cool features, such as its actuator-controlled adjustable frame, which lets riders move the seat up and down by as much as four inches (100 mm), even while riding.
The Outset is built on a similar frame, though lacks the actuator. It’s built more like a dual-sport bike and will likely make off-road riders feel more at home than the obviously commuter-oriented Anthem. At under $6k, it’s also very attractively priced – though the Anthem’s $6,495 price is also quite enticing.
Both bikes are capable of highway speeds into the 70’s of MPH, and can achieve city ranges of up to 70 miles, though highway commuting will quickly drop that range.
I also had the chance to try the updated Anthem at the Outset, sneaking them out of the show grounds for some street riding. The Outset I tested even had Ryvid’s higher-power ASI controller, which offers a major power upgrade for riders who want even more performance.
These are incredibly well-designed electric motorcycles, though you have to remember that they’re designed for local riding first. With a 4 kWh battery, they just aren’t meant for touring or long-distance riding. But for anyone who commutes 20 miles to work and wants a fun, inexpensive, and efficient electric vehicle to turn that slog of a commute into a joyride, this is the way to go!
Land Moto
Land Moto also boasts US manufacturing for its commuter-level electric motorcycles, which carry their own unique design styling. This was my first chance to see Land Moto’s bikes in person and they were definitely head-turners.
Starting at $6,995, the Land Moto District comes in street and dirt versions, with both claiming a max speed of 70 mph (112 km).
They also tout a max range of 120 miles (193 km), though that’s from the largest battery option with 4.8 kWh of capacity. The base model has a 1.8 kWh battery that claims a more conservative 40 miles (64 km) of range at slower city speeds.
The ability to dial in the battery capacity (and its effect on pricing) allows riders to choose exactly what they need, which is a rare feature in this industry.
Shandoka electric motorcycle conversion kit for classic motorcycles
This one is absolutely fascinating. Check this out: Shandoka is an electric motorcycle conversion kit company that has developed a patented conversion system that fits a wide range of classic motorcycles. The system includes a battery and controller setup that mounts in the frame in place of the original combustion engine, and a rear hub motor that replaces the previous rear wheel.
It allows riders to breathe new life into older bikes, especially those that suffer from engine problems but otherwise still have structurally sound frames and components that could easily be put back onto the road with a new powertrain.
And because most of these bikes were originally produced in the 1980s, they are usually grandfathered into those older regulations making these types of conversions incredibly easy to perform.
These bikes in the pictures from the show are all naked showing off the engineering that went into the design, but they can also be buttoned back up or covered in a builder’s own custom body panels to create unique new designs.
The brainchild (and labor of love) of Ernest Eich, these conversion kits are built in the company’s North Carolina facility, showcasing yet another example of US manufacturing for electric motorcycles and their components.
I had the chance to chat with Ernest at the show, and this is a company that we’ll definitely want to take a deeper looker at soon.
There’s always more to come
While this can’t cover everything at the show, it’s a collection of some of the most interesting and standout examples of micromobility in all of its diverse forms.
As the industry continues to grow and mature, bouncing back from a rollercoaster of highs and lows since the beginning of the pandemic years, we’re expecting to continue seeing more innovation and interesting designs like these.
Stay tuned for some deeper dives into several of these companies as we explore what makes their light electric vehicles and production processes unique.
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