Threads app engagement drops off a week after launch

• Time spent has fallen from 20 minutes to 10 minutes.
• Separate data from Similarweb revealed similar patterns — a more than 25% drop in daily active users between July 7 and Monday among Android phone users.

What they're saying: Twitter competitor Threads "will need a more compelling value proposition than simply 'Twitter, but without Elon Musk,'"Anthony Bartolacci, managing director at marketing data firm Sensor Tower, tells CNBC.

Go deeper

• Threads is big, but no one knows where it's going
• Scoop: Branded content tools coming to Threads