11/27/2022–|Last Updated: 11/27/202214:37 (Makkah Al-Mukarramah)
Elon Musk, CEO of Twitter, said the social network platform’s registration of new users has reached its “highest level ever”, despite the mass exodus of advertisers and users fleeing to other platforms due to the concerns about vetting procedures and hate speech. According to to report Published by Reuters.
Musk said – in a tweet late yesterday evening, Saturday – that the average number of subscribers has reached more than two million subscribers per day in the past seven days, starting November 16, a 66% increase compared to the same week of 2021.
It also said that user active minutes hit a record high, averaging nearly 8 billion active minutes per day in the week ending Nov. 15, up 30% from the same week last year.
He added that the number of times he used hate speech decreased as of Nov. 13, compared to October last year.
Reported copycats on the platform also increased earlier this month, before and after the launch of the Twitter Blue feature, according to the same source.
Slides from my company speech on Twitter pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
Musk, who also runs rocket company SpaceX, AI startup Neuralink and The Boring Company, said buying Twitter would accelerate his ambition to create App X. (X), or what he calls ” the application of everything”.
According to Musk’s tweet, Twitter 2.0 The Everything will have features like “encrypted direct messages” (DMs), long tweets, and payments.
In another tweet early Sunday, Musk said he sees “a path to Twitter that will surpass 1 billion monthly users over the next 12 to 18 months.”
Advertisers on Twitter, including major companies — such as General Motors, Mondelez International and Volkswagen — have temporarily suspended ads on the platform.
Musk said Twitter was seeing a “huge drop in revenue” as advertisers retreated, blaming a coalition of civil rights groups pressuring the platform’s top advertisers to take action if it didn’t protect content moderation.
Activists have urged Twitter advertisers to make statements about pulling their ads from the social media platform after Musk lifted a ban on former US President Donald Trump’s tweets.
Hundreds of Twitter employees are believed to have left the company, after Musk told employees to sign up for “long hours, high intensity” or leave.
In addition, in early November, the company laid off half of its workforce, with teams responsible for communications, content management, human rights and machine learning ethics, as well as some production and engineering teams.
