Yeah, so...
#Threads is indeed automatically creating accounts for those who already have an Instagram account. Confirmed that with one of my lovely girlfriends.

That lovely 70 million number which Zuck is putting forward? That's just the active Instagram account number. That's it.

It's a level of flimflam and shenanigans which we've come to expect from the man who decided to outright support a genocide with his platform.