The Ultimate Financial Breakdown: Meta Acquires Threads.com Domain Name
In a groundbreaking move, Meta has acquired the highly coveted Threads.com domain name, as revealed by the latest Whois records updated on September 24. This acquisition has sent shockwaves through the domain-related forums, with users speculating on the implications for Meta's social network, Threads.
Previously, Meta had launched Threads on the Threads.net URL due to Threads.com being owned by a Sequoia-backed Slack alternative startup. However, in a strategic move, Shopify swooped in and acquired Threads.com for an undisclosed amount in June.
The acquisition comes at a time when Meta's Threads has already amassed over 200 million users, signaling its rapid growth and popularity in the social networking space. With Meta's Instagram listed as the registrant for Threads.com, the possibilities for integration and expansion are endless.
In an exclusive interview with TechCrunch, Threads.com's co-founder and CEO, Rousseau Kazi, a former Facebook employee, emphasized the significance of the term "Threads" in the digital landscape. Threads.com experienced a surge in app downloads coinciding with the launch of Meta's social network, further solidifying its position as a formidable player in the industry.
As the financial markets continue to evolve, this acquisition highlights the importance of strategic investments and forward-thinking in the digital realm. Stay tuned for more updates on how Meta's acquisition of Threads.com will shape the future of social networking and technology.