There’s been a disturbance in the force. In a world of constantly evolving social media platforms, a new contender has burst onto the scene, capturing the attention of millions and leaving a trail of excitement in its wake.

Threads, Meta’s Twitter rival, has taken the digital realm by storm, offering a refreshing and dynamic experience for users growing weary of Muskian meddling and looking for a unique social media adventure.

Let’s delve into the exhilarating launch of Threads, explore the number of users who have flocked to the platform, and discover the types of individuals we think it might attract.

A Diverse User Base Flocks to Threads

Threads has become the talk of the town. Since its much-anticipated launch, the platform has amassed 30+ million registered users worldwide, 5m reportedly arriving in the first 4 hours of operation. Industry experts predict his rapid growth will position Threads as a significant player in the digital realm, rivaling established giants such as Facebook, Twitter, and Instagram.

Threads: A Haven for Digital Mavericks and Creatives

One of the most intriguing aspects of Threads is its potential to attract a diverse range of users. The platform’s unique features and captivating interface appeal to people of all ages, interests, and backgrounds. From Gen Z trendsetters to seasoned professionals seeking a fresh networking platform, Threads offers something for everyone.

Threads will quickly become a haven for digital mavericks who yearn for a distinct online experience. These early adopters thrive on innovation, eagerly embracing new technologies and platforms. Their active presence on Threads will result in a vibrant and cutting-edge community that in turn will attract more thrill seekers.

The platform will also be a magnet for creatives, drawing in artists, designers, photographers, and writers. The platform’s visually immersive nature allows users to showcase their talents and connect with like-minded individuals. We guess. Threads will become a hub of inspiration and collaboration for global artists.

Threads: The Go-To Platform for Networking Professionals

For professionals searching for fresh networking and career growth avenues, Threads will emerge as the go-to platform. Its interactive and intuitive interface enables users to build meaningful connections, exchange ideas, and explore job opportunities. The platform’s focus on fostering professional relationships differentiates it from traditional social media networks.

Amplifying Voices and Effecting Positive Change on Threads

Threads is not just about self-expression; it will also attract passionate individuals who want to make a difference. Users dedicated to social causes and activism can find a home on the platform, utilizing its extensive reach to raise awareness and mobilize communities. Threads will prove a powerful platform for amplifying voices and effecting positive change.

Setting Threads Apart: Seamlessness, User Experience, and Privacy Measures

What sets Threads apart from its competitors? Its appeal lies in combining seamless functionality with a seductive user experience. The platform’s innovative features, including dynamic threads, immersive multimedia integration, and intelligent algorithms that tailor content to individual interests, have proved a real draw. Moreover, Threads’ commitment to user privacy and data security has provided a real draw. Threads app offers fresh air in an era of data breaches and privacy concerns by prioritizing transparency and implementing robust privacy measures.

The Impact of Threads: A Force to be Reckoned With

Threads has unquestionably ignited the social media landscape. With its explosive launch, staggering user numbers, and diverse user base, the platform has proven it will be a force to be reckoned with. Whether you’re a digital maverick, creative connoisseur, networking ninja, or cause champion, Threads promises to be the reactive social media platform of choice, and its impact on the digital landscape is only set to grow. Stand by for a new world order, one connected by threads.

Swvl, an Egyptian ridesharing company, has seen a significant decline in value due to financial struggles, resulting in a 99% drop in stock price year-to-date (YTD), hovering around $0.10 and a market capitalization of less than $15 million. Reported Bloomberg.

• Swvl laid off 32% of its employees to cut costs.

Swvl was founded in Egypt in April 2017, by Mostafa Kandil and two of his school friends, Ahmed Sabbah and Mahmoud Nouh.

The company was initially funded with $30,000 from the founders. Four months later, Swvl received an additional $500,000 in funding from the ridesharing company Careem. Originally, the company developed an app to address traffic congestion in Cairo but later shifted its focus to creating a platform for booking affordable bus trips in the city.

In 2018, Swvl completed two rounds of funding: a Series A game that raised $8 million and a Series B round between $25-35 million.

The company was valued at around $100 million during these funding rounds, which were co-led by BECO Capital, DiGAME, and Silicon Badia.

Why is Swvl falling?

Since its inception, Swvl has operated by renting buses with drivers for a monthly fee and then using them to run on fixed routes. Unlike the Uber model, which relies on marketing as it offers a marketplace to match drivers who own the cars to users who use the mobile app – they make a profit by getting a cut from the ride.

On the contrary, Swvl’s model owns the entire operation (renting the bus in advance, drivers’ salaries, and marketing for the app). This puts more cost on the company while its revenues are fixed or, most of the time, less because no bus will go complete all day, all routes.

Without going through the exact numbers, it’s evident that Swvl cannot profit with the current business model, and it’s a matter of time before the company’s cash dries out.

How can Swvl recover? Tell us in the comments below.

Inspired by: a Linkedin post by Zubair Naem.

Humankind is trying to figure out ways to fight and control the pandemic that has hit the world, causing tens of thousands of getting sick and thousands to be dead, and numbers are only rising till this minute.

Different countries and societies are taking extreme measures trying to be a step ahead of the disease. While the verdict is still out towards the results of those measures, what is evident is that new norms are being set on how everyone is going by their daily lives. Employees are asked to work from home, businesses are searching their playbooks on maintaining business continuity, teams are exploring new tools and processes to ensure projects or work would remain flowing, or we would hit an economic “Ice Age.”

Digital transformation has become a humanitarian necessity rather than just an economic for business continuity in such a context.

Social distancing becomes almost mandatory to limit the virus spread, yet it has proved to be harder to implement as it disrupts the very way we live. Digitalizing activities, performing daily activities, and moving to more contactless modes of operations, becomes a necessity rather than a luxury.

According to Richard Kozul-Wright, Director, Division on Globalization and Development Strategies at UNCTAD, it is predicted the pandemic would cost the global economy around 1 trillion$, according to just for this year.

So while the Human tragedy is yet to come to an end, businesses must explore new ways to go about things both within internal operations or by adopting new business models within their respective markets to survive and support their employees and clients.

A case for digital transformation

Businesses, Governments, and societies believed that we are ready to operate effectively in a similar crisis, yet it is clear now that we were far from being prepared. The outbreak of coronavirus (COVID-19) pandemic has shown the value and effectiveness of various technology solutions to ensure business continuity, and enterprises that have undergone their digital transformation journey have been the least affected.

Collaborative office, Video conferencing, remote customer management & support have been on top of the technology solutions that lead businesses to carry on with operations during the crisis.

As the community goes through the crisis trying to fight and contain, additional digital forms of services will be required, especially in the undeveloped countries: digital payments, Contactless delivery, Online goods orders, Online education, and many others.

Are we Digital-Transform Ready?!

Many companies have had work from home policies implemented for years, some of which are more mature than others as talent becomes distributed worldwide. There is no need to make a case for remote work.

Is the majority of the workforce “remote-work” ready?

Such a dramatic shift in how businesses must operate to service requires the right mindset, processes, and tools. Understandably, most businesses lack those to enable their workforce to be as effective during such times.

The business pandemic extends not only just to the workforce but how core business operations are being set. While workers and employees will adapt to the new norm, companies may not be set with the required infrastructure, access policies, Data access, and compliance geared for such use cases. Businesses that are not cloud-native by design or haven’t factored in cloud strategies as part of their Digital transformation might suffer a lot in the coming weeks or months as they try to accommodate the new norms.

Digital transformation is not about the tools or digitizing processes. Still, more of a change mindset top to bottom within an organization ensures a business is scalable, reliable, and able to function in a healthy mode regardless of how changing this fast-paced world. So are you ready to do what it takes to get your businesses to survive?!

The Future is now

While the dust hasn’t settled yet, the fact is different businesses and markets will have to accommodate new ways to conduct business not sure to ensure the safety of their workforce but to remain in businesses and serve their community and customers.

• Telehealth and Telemedicine
• Virtual Events
• Online & Remote education
• Collaboration and Remote workforce

Those are only examples of markets that must fast-track their transformation journey through tools, infrastructure, business models, and above all, mindsets to accommodate the new world order that is being laid upon us as we as individuals are adapting to new terms and habits.

Stay Safe, stay healthy, and stay productive.