Instagram Launch of Twitter Rival ‘Threads’ Expected on Thursday

Wedbush's Dan Ives Has 'Doubts' for Instagram's New Twitter RivalSource: Bloomberg

Instagram’s highly anticipated Twitter rival is expected to launch Thursday, according to a listing on Apple Inc.’s App Store.

The app, called Threads, will function similarly to Twitter, with text-based posts that can be liked, commented on and shared, according to examples of screenshots on the App Store listing. People will be able to follow the accounts they follow on Instagram and keep their same user name. Instagram, owned by Meta Platforms Inc., declined to comment.