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That's pretty interesting, I wonder if that means that it's build by a team at Instagram, and not Facebook. I'd assume so. I get that Facebook is still a huge success, but I do find it telling that they opted to put Threads under Instagram, rather than Facebook.
I think its pretty obvious they went with Instagram branding, as Facebook branding has been tarnished for a while.
It's Facebook by Meta. Instagram by Meta. Why isn't it Threads by Meta?