Facebook founder Mark Zuckerberg expresses pride in the launch of his new social media app.
Facebook founder Mark Zuckerberg has said his new social media app, Threads, is drawing more repeat users than he had expected.
He said improving that engagement was the company's focus now and success was not a "foregone conclusion".His remarks came as Meta, the parent company of Facebook, Instagram, and WhatsApp, reported a surge in advertising sales and solid user growth, with 3.07 billion people globally active on one of its apps each day.
The results helped lift the firm's shares in after-hours trade. The price per share has already more than doubled since the start of the year, as investors buy into Mr Zuckerberg's campaign to cut costs and refocus the tech giant.
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