Twitter CEO Musk says user signups are at an all-time high, cites features of “Everything App”

Nov 27 (Reuters) – Twitter Inc Chief Executive Elon Musk says new user signups on the social media platform are at an “all-time high” as he battles a mass exodus of advertisers and concerns about verification. Struggle with users running across the platform. and foul language.

In the past seven days through November 16, signups averaged more than two million, Musk said in a tweet late Saturday, a 66% increase over the same week in 2021.

He also said that user active minutes were at a record high of nearly 8 billion active minutes per day in the last seven days through November 15, which is a 30% increase from the same week last year.

There has been a decrease in impersonation of hate speech till November 13 as compared to October last year.

According to Musk, impersonations were reported on the platform earlier this month before and after the Twitter Blue launch.

Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm The Boring Company, has said buying Twitter would accelerate his ambition to build an “everything app” called X. read more

Musk’s “Twitter 2.0 the everything app” will have features such as encrypted direct messages (DMs), longform tweets and payments, according to the tweet.

in another Tweet Earlier Sunday, Musk said he “sees a path for Twitter to surpass one billion monthly users in 12 to 18 months.”

Advertisers on Twitter, including giants such as General Motors, Mondelez International, Volkswagen AG, have stopped advertising on the platform as they grapple with new bosses. read more

Musk has said that Twitter was experiencing a “huge drop in revenue” from the backlash from advertisers, blaming a coalition of civil rights groups that is calling for action on the platform’s top advertisers for not protecting content moderation. was pressuring read more

Activists are urging Twitter’s advertisers to issue statements about removing their ads from the social media platform after Musk lifted a ban on tweets by former US President Donald Trump. read more

Hundreds of Twitter employees are believed to have left the beleaguered company following Musk’s ultimatum that employees sign up for “prolonged high intensity leave” or leave. read more

The company had earlier laid off half its staff in November, eliminating teams responsible for communications, content curation, human rights and machine learning ethics, as well as some product and engineering teams.

Reporting by Jubi Babu in Bengaluru; Editing by Kim Coghill

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