I guess its only real USP is "automatically import your Instagram friends", except that doesn't really work properly because only a fraction of people on Instagram seem to be interested in Threads.
Its fediverse integration stuff isn't panning out because nobody in the fediverse is stupid enough to let them federate. The single thread per message instead of hashtags thing doesn't seem to add a lot either.
The "product" in a social network is the community and the culture. Despite being terminally online I can't tell you what those look like for Threads. I can for FB/Insta/Twitter/Bsky/LinkedIn/Mastodon.
I think most of those are Instagram shoving it in your face. Yeah I'm a "Threads user", but only because of the inline feed in Instagram. I'm annoyed when there is a notification blip but it turns out to be Threads spam.
Threads' launch was intentionally rushed in order to capitalize on the user discontent at the time. Without a large alternative, enthusiasm to migrate to another social network would have waned. Note that Bluesky was still invite-only when Threads launched.
How many users on X (Twitter) or Bluesky are bots? It's reasonable to assume the percentages are the same, given the lack of public information for the major text-based broadcast social networks. X is estimated to have 250M daily active users. Mark Zuckerberg recently stated that Threads' DAUs were 100M. Threads achieving a bit under half the size in such a short time is impressive, especially since Threads still lacks many features that X has had for years.
> It's reasonable to assume the percentages are the same
It's reasonable to assume they're worse. Bluesky doesn't have Facebook's network or surveillance apparatus. Neither does Twitter, except it's a higher-value target than Bluesky and Threads combined.
Daily Active Users (DAUs) and Monthly Active User counts represent the amount of users that perform activity on the application daily and monthly, respectively.
Is it really a skill to very quickly release a dud app?
I don't know the answer to that. Bypassing bureaucracy seems like heaven, but it feels like it also bypassed the product folks entirely.