this post was submitted on 10 Jul 2023
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It was stated in this thread there are, "1.4 billion Instagram accounts*" Not all of them are active. These so called reported sign ups are active people who are trying out Threads and likely dropping it quickly after.
At the ass end of it, Threads is using your already made Instagram account and I think to this moment, it's still unavailable in Europe. I do not plan to use it because I lack an Insta so I can not verify when it will be available.