It’s just a filter that lets you see all your new followers.
https://www.theverge.com/2023/7/18/23799223/threads-update-follows-tab-activity-feed
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The latest Threads update adds a ‘follows’ tab, but it doesn’t do what you’d like
Submitted 1 year ago by realcaseyrollins to fediverse@kbin.social
https://www.theverge.com/2023/7/18/23799223/threads-update-follows-tab-activity-feed