Twitter Inc Chief Executive Elon Musk says new person signups to the social media platform are at an “all-time excessive,” as he struggles with a mass exodus of advertisers and customers fleeing to different platforms over considerations about verification and hate speech.
Signups have been averaging over two million per day within the final seven days as of November 16, up 66% in comparison with the identical week in 2021, Musk mentioned in a tweet late on Saturday.
He additionally mentioned that person energetic minutes have been at a report excessive, averaging almost 8 billion energetic minutes per day within the final seven days as of November 15, a rise of 30% compared to the identical week final 12 months.
Hate speech impersonations decreased as of November 13 in comparison with October of final 12 months.
Reported impersonations on the platform spiked earlier this month, earlier than and in wake of the Twitter Blue launch, in response to Musk.
Twitter reaches out to dozens of fired staff:
Musk, who additionally runs rocket firm SpaceX, brain-chip startup Neuralink and tunnelling agency the Boring Firm, has mentioned that purchasing Twitter would velocity up his ambition to create an “every little thing app” referred to as X.
Musk’s “Twitter 2.0 The Every little thing App” may have options like encrypted direct messages (DMs), longform tweets and funds, in response to the tweet.
In one other tweet early on Sunday, Musk mentioned he sees a “path to Twitter exceeding a billion month-to-month customers in 12 to 18 months.”
Advertisers on Twitter, together with huge corporations reminiscent of Common Motors, Mondelez Worldwide, Volkswagen AG, have paused promoting on the platform, as they grapple with the brand new boss.
Musk has mentioned that Twitter was experiencing a “huge drop in income” from the advertiser retreat, blaming a coalition of civil rights teams that has been urgent the platform’s high advertisers to take motion if he didn’t defend content material moderation.
Activists are urging Twitter’s advertisers to concern statements about pulling their advertisements off the social media platform after Musk lifted the ban on tweets by former US president Donald Trump.
Tons of of Twitter staff are believed to have stop the beleaguered firm, following an ultimatum by Musk that staffers join “lengthy hours at excessive depth,” or depart.
The corporate earlier in November laid off half its workforce, with groups liable for communications, content material curation, human rights and machine studying ethics being gutted, in addition to some product and engineering groups.
#RIPTwitter making waves on social media as lots of of Twitter staff resign: Sthembiso Sithole
