Twitter Inc Chief Executive Elon Musk has said 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 users fleeing to other platforms over concerns about verification and
An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration//File Photo
Nov 27 - Twitter Inc Chief Executive Elon Musk has said 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 users fleeing to other platforms over concerns about verification andSignups were averaging over two million per day in the last seven days as of Nov. 16, up 66% compared to the same week in 2021, Musk said in a tweet late on Saturday.
Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, has said that buying Twitter would speed up his ambition to create an "everything app" called X.Musk's "Twitter 2.0 The Everything App" will have features like encrypted direct messages , longform tweets and payments, according to the tweet.
Advertisers on Twitter, including big companies such as General Motors, Mondelez International, Volkswagen AG, have paused advertising on the platform, as they grapple with the new boss.Musk has said that Twitter was experiencing a "massive drop in revenue" from the advertiser retreat, blaming a coalition of civil rights groups that has been pressing the platform's top advertisers to take action if he did not protect content moderation.
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