Musk once again ridiculed the declining popularity of Zuckerberg's social platform Threads on Wednesday. By the way, he also poked fun at American financial guru Jim Cramer, who once praised Threads, jokingly saying, "The counter-argument king Cramer is right again." An X user shared his observations on the platform about brand managers and influential social media users returning to X from Threads.
He noted that many people initially abandoned the social media platform in favor of Zuckerberg's products due to dissatisfaction with Musk.
Musk responded: "The counter-argument king Cramer is right again." Musk was referring to Cramer's statement when Threads was launched in July this year that it was a more civilized alternative to Twitter.
Within the first five days of launch, Threads gained 100 million users, but its popularity has been steadily declining since then. Analysts predict that Threads will continue to rank at the bottom of U.S. social networks through 2025 as it faces fierce competition from established platforms such as Facebook, Instagram, and X.
Cramer has almost become a contrarian in the minds of some investors because of his unreliable stock reviews, and is often the subject of ridicule on social media.
Musk previously responded to a post by an
In an interaction with X users earlier this year, Musk also humorously suggested that Cramer's bullish remarks on Tesla on the show the day before were the cause of Tesla's stock price plummeting that day.