Nov 27 (Reuters) – Twitter Inc Chief Executive Elon Musk says new user sign-ups for the social network are “at a record high”, as it struggles with the exodus of advertisers and users fleeing other platforms due to concerns about authentication. and hate speech.
Subscribers averaged more than two million a day in the past seven days since November 16, up 66% compared to the same week in 2021, Musk said in a tweet late Saturday.
He also said that active user minutes were at an all-time high, averaging nearly 8 billion active minutes per day in the past seven days since Nov. 15, which is a 30% increase compared to the same week last year.
Hate speech imitations have decreased since Nov. 13 compared to October last year.
The simulations reported on the platform started earlier this month, before and after the launch of Twitter Blue, according to Musk.
Musk, who also owns rocket company SpaceX, brain-chip startup Neuralink and tunneling firm Boring Company, said buying Twitter would accelerate his ambition to create an “app for everything” called X. read more
Musk’s “Twitter 2.0 The Everything App” will have features like encrypted direct messages (DMs), long-form tweets and payments, according to the tweet.
In another tweet early Sunday, Musk said he sees “a path to Twitter surpassing one billion monthly users in 12 to 18 months.”
Advertisers on Twitter, including major companies such as General Motors, Mondelez International, Volkswagen AG, have stopped advertising on the platform, as they vie for a new manager. Read more
Musk said Twitter was facing a “significant drop in revenue” from advertisers, blaming a coalition of rights groups that has been pressuring the platform’s top advertisers to take action if they don’t protect content moderation. Read more
Activists are urging Twitter advertisers to release statements about removing their ads from the social media platform after Musk lifted a ban on former US president Donald Trump’s tweets. Read more
Hundreds of Twitter employees are believed to have left the troubled company, following Musk’s announcement that workers must log “long hours at a high intensity,” or walk away. Read more
The company in early November laid off part of its workforce, with teams responsible for communications, content management, human rights and machine learning ethics being cut, along with other product and engineering teams.
Reported by Juby Babu in Bengaluru; Edited by Kim Coghill
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