27/11/2022–|Last update: 11/27/202202:37 PM (Makkah Al-Mukarramah)
Elon Musk, CEO of Twitter, said that the registration of new users of the social networking platform has reached its “highest level ever”, despite the mass exodus of advertisers and users fleeing to other platforms due to concerns about verification procedures and hate speech. According to report Published by Archyde.com.
Musk said – in a tweet late yesterday, Saturday – that the average number of subscribers reached more than two million subscriptions per day in the past seven days, starting from November 16, an increase of 66% compared to the same week in 2021.
He also said that user active minutes were at a record high, averaging nearly 8 billion active minutes per day in the week of November 15, an increase of 30% compared to the same week last year.
He added that the number of times adopting hate speech decreased as of November 13, compared to October of last year.
According to the same source, impersonations reported on the platform also increased earlier this month, before and after the launch of the Twitter Blue feature.
Slides from my Twitter company talk pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
Musk, who also runs rocket company SpaceX, artificial intelligence startup Neuralink, and The Boring Company, said buying Twitter would accelerate his ambition to create the X app. (X), or what he calls the “everything application”.
According to Musk’s tweet, Twitter 2.0 The Everything will have features such as “encrypted direct messages” (DMs), long tweets, and payments.
In another tweet early Sunday, Musk said he sees “a path to Twitter that will pass 1 billion monthly users in the next 12 to 18 months.”
Advertisers on Twitter, including major companies – such as General Motors, Mondelez International and Volkswagen – have temporarily suspended advertisements on the platform.
Musk said Twitter was seeing a “massive drop in revenue” as advertisers retreated, blaming a coalition of civil rights groups that pressured the platform’s top advertisers to take action if it did not protect moderation in content.
Activists urged Twitter advertisers to issue statements about withdrawing their ads from the social media platform after Musk lifted the 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.
The company also – earlier this November – laid off half of its workforce, with teams responsible for communications, content management, human rights and machine learning ethics, in addition to some production and engineering teams.