Elon Musk once again took a potshot at the declining popularity of Meta Platforms Inc.’s META Threads, by referencing Jim Cramer’s earlier endorsement, as Mark Zuckerberg’s social media platform, dubbed the “Twitter killer,” struggles to maintain its user base.
What Happened: On Wednesday, an X (formerly Twiter) user shared his observation on the platform about brand managers and social media influencers returning to X from Threads.
He pointed out that many had initially abandoned Musk’s social media platform for Zuckerberg’s offering due to their dissatisfaction with the tech billionaire.
In response, the visionary entrepreneur behind companies like Tesla and SpaceX said, “Inverse Cramer calls it again.”
Musk was referring to Jim Cramer, the well-known financial pundit who had endorsed Threads as a more civil alternative to Twitter during its launch in July.
See Also: Apple Abandons Customer Support On Elon Musk’s X: Is This The End Of Quick Fixes?
Threads had initially gained 100 million users within the first five days, but its popularity has been on a steady decline since then.
Analysts predict Threads will remain at the bottom of the U.S. social network rankings through 2025 as it faces tough competition from established platforms like Facebook, Instagram, TikTok, and Musk’s X.
Why It’s Important: Cramer has been at the receiving end of many jokes because of his stock-picking record.
The financial expert has taken some vocal missteps during his career, including advising listeners to divest from Hewlett Packard Enterprise Co in 2012, citing a “broken corporate culture.” Within six months of his sell notice, HPE ripped 110%.
In August too, Musk took a potshot at Cramer when an X user, who is also a graphic designer at Dogecoin DOGE/USD, drew a compelling parallel between mainstream media’s critiques and the host of CNBC’s “Mad Money.”
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Read Next: Elon Musk Explains Why He Only Eats ‘0.4 Donuts’ At A Time
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