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Instagram’s Threads surpasses 100 million users
(www.theverge.com)
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I can't say whether or not they're lying about their numbers, just that they're definitely not reporting "shadow accounts" (Instagram accounts who haven't activated a Threads profile but can still be followed) as active users.
They are accountable to their board of directors though, just like when that IRL app was found to be padding their numbers with bots last month and shut down.