TECH: Things to know about Zuckerberg's new Twitter-like App 

On Thursday, Mark Zuckerberg unveiled Instagram Threads, an app that will compete with Twitter.

The App Store listing's pictures indicate that Threads will operate similarly to Twitter, with text-based messages that can be liked, shared, and commented on.

As of today, the app has over 100 million downloads in just 24 hours, surpassing chat as the most popular social networking program, according to Zuckerberg.

The creator of the text-based chat app for Instagram calls it a place "where communities come together to discuss everything from the topics you care about today, to what'll be trending tomorrow."Here are the five 

Here are the five things to know about Threads:

1. Like Twitter, Threads will allow its users to discuss topics daily.

2. Threads will directly port users’ existing Instagram followers and the following list, eliminating the need to build a community from scratch.

3. It allows users to follow and connect directly with their favourite creators and others who love the same things — or build loyal followers of their own to share their ideas, opinions, and creativity with the world.

4. Threads is closely connected with Instagram, and will likely experience similar character features of 125 caption characters, 150 characters for Bio, and 30 characters for user name.

5. It may likely not face reading limits but action limits of 500 actions a day (including following, unfollowing, and liking).