A slide printed by Twitter CEO Elon Musk on his account is seen on this image from social media launched on November 26, 2022.
| Photo Credit: Reuters
Twitter Inc Chief Executive Elon Musk has stated that new user signups to the social media platform are at an “all-time high”, as he struggles with a mass exodus of advertisers and customers fleeing to different platforms over issues about verification and hate speech.
Signups had been averaging over two million per day within the last seven days as of November 16, up 66% in comparison with the identical week in 2021, Mr. Musk stated in a tweet late on Saturday.
He additionally stated that user energetic minutes had been at a document excessive, averaging practically 8 billion energetic minutes per day within the last seven days as of November 15, a rise of 30% compared to the identical week last yr.
Hate speech impressions decreased as of November 13 in comparison with October of last yr.
Reported impersonations on the platform spiked earlier this month, earlier than and in wake of the Twitter Blue launch, in line with Mr. Musk.
Also learn: Twitter to launch color coded “Verified” function subsequent week, Musk says
Mr. Musk, who additionally runs rocket firm SpaceX, brain-chip startup Neuralink and tunneling agency the Boring Company, has stated that purchasing Twitter would velocity up his ambition to create an “everything app” referred to as X.
Mr. Musk’s “Twitter 2.0 The Everything App” may have options like encrypted direct messages (DMs), longform tweets and funds, in line with the tweet.
Watch | The latest key developments at Twitter
Advertisers on Twitter, together with massive corporations corresponding to General Motors, Mondelez International, Volkswagen AG, have paused promoting on the platform, as they grapple with the brand new boss.
Mr. Musk has stated that Twitter was experiencing a “massive drop in revenue” 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.
Also learn: Twitter India sees important layoffs; Musk blames ‘activists’ for income drop
Activists are urging Twitter’s advertisers to situation statements about pulling their adverts off the social media platform after Mr. Musk lifted the ban on tweets by former U.S. president Donald Trump.
Hundreds of Twitter staff are believed to have stop the beleaguered firm, following an ultimatum by Mr. Musk that staffers join “long hours at high intensity,” or depart.
The firm 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.
