Shares of Meta Platforms (NASDAQ:META) have been exploding higher this year, with a 139% year-to-date surge now in the books. With Meta’s Twitter competitor Threads now boasting more than 100 million users in just under a week, it certainly seems like Meta has found the secret sauce to help it effectively compete with Twitter — its tight integration with Instagram.
Undoubtedly, Elon Musk may not be the biggest fan of the economic moat concept, which he criticized in the past. Given the impressive user growth in Threads, though, I do believe Twitter needs to do what it can to strengthen its moat to fend off Meta’s latest addition to its already-impressive social-media Family of Apps.
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