That's a view echoed in a company statement that said the steps were taken to "ensure the authenticity of our user base." New Twitter CEO Linda Yaccarino, who joined the group from NBCUniversal in June, said that Twitter needed to make a "big move to keep strengthening the platform. The changes are part of an effort led by Musk, Twitter's controlling owner, to counter what he called "extreme levels of data scraping & system manipulation" on the microblogging website. The launch of Threads followed a series of controversial changes to the Twitter website, unveiled over the weekend, that limit the number of Tweets both verified and unverified users can see each day. "We believe META timed the launch well given a slew of issues at Twitter since Musk's takeover and appetite for many to have an alternative option," he added. "While we see (new users) growing exponentially in the coming months, exclusion from the EU initially (regulatory changes from DMA) will temper upside potential for now,' said CFRA senior equity analyst Angelo Zino, who carries a 'buy' rating with a $350 price target on Meta stock.
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