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Meta to start ads on Threads starting January

Meta Platforms plans to roll out advertising on its social media app, Threads, starting January next year.

According to a report by The Information, a select group of advertisers will create and publish ads on the app.

The process of integrating ads into Threads is reportedly being led by Instagram’s advertising division.

Despite this move, Meta CFO Susan Li stated that Threads is not expected to significantly contribute to the company’s revenue by 2025.

Recent Meta developments

Timeline
14-Nov-2024 ⚖️ Meta to face trial for anti-competitive acquisitions
  • Meta goes to trial over alleged monopolistic practices
  • FTC lawsuit targets Instagram and WhatsApp acquisitions
31-Oct-2024 📉 Meta’s Q3 exceeds forecasts while investing in AI
  • Q3 earnings beat forecasts at $6.03/share
  • 3.29B daily users, below expectations of 3.31B
31-Oct-2024 📉 Meta’s AI cost spike impacts Asian chip markets
  • Asian markets down, chip sector hit hard
  • Yen near three-month low amid Japan’s political issues
30-Oct-2024 📅 Meta finds MY’s social media licensing plan lacks clarity
  • Meta raises concerns over Malaysia’s new licensing law
  • Deadline set for January 2025 to comply with regulations
29-Oct-2024 📰 Meta launches AI search to rival Google
  • Meta is developing an AI search engine.
  • Improved location data to compete with Google Maps.

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