Twitter CEO Musk says person signups are at an all-time excessive, touts ‘each app’ performance

November 27 (Reuters) – Twitter Inc chief govt Elon Musk says new person registrations for the social media platform are at an “all-time excessive” as he battles a mass exodus of advertisers and customers fleeing to different platforms resulting from issues about verification and hate speech.

Registrations averaged greater than two million a day over the previous seven days to Nov. 16, up 66% from the identical week in 2021, Musk stated in a tweet late Saturday.

He additionally stated that customers’ lively minutes had reached an all-time excessive, averaging virtually 8 billion lively minutes per day over the previous seven days to November 15, a 30% improve from the identical. week final 12 months.

Hate speech impersonations decreased on November 13 in comparison with October of final 12 months.

In response to Musk, reported impersonations on the platform elevated earlier this month, each earlier than and after the launch of Twitter Blue.

Musk, who additionally runs rocket firm SpaceX, mind chip startup Neuralink and tunneling firm The Boring Firm, stated shopping for Twitter would speed up his ambition to create an “the whole lot app” referred to as X. Learn extra

Musk’s “Twitter 2.0 The The whole lot App” can have options like encrypted direct messages (DMs), lengthy tweets and funds, in keeping with the tweet.

In one other tweet early Sunday, Musk stated he noticed a “path to Twitter surpassing 1 billion month-to-month customers in 12-18 months.”

Advertisers on Twitter, together with massive corporations corresponding to Normal Motors, Mondelez Worldwide, Volkswagen AG, have suspended promoting on the platform, as they grapple with the brand new boss. Learn extra

Musk stated Twitter was struggling a ‘huge income drop’ from advertisers’ retirement, blaming a coalition of civil rights teams that had pressed the platform’s high advertisers to take motion if it failed to guard moderation content material. Learn extra

Activists are urging Twitter advertisers to launch statements about eradicating their adverts from the social media platform after Musk lifted former US President Donald Trump’s ban on tweets. Learn extra

A whole bunch of Twitter employees have reportedly left the beleaguered firm, following an ultimatum from Musk asking workers to enroll in “lengthy hours at excessive depth” or go away. Learn extra

Earlier in November, the corporate laid off half of its workforce, with groups accountable for communications, content material curation, human rights and machine studying ethics gutted, together with some groups merchandise and engineering.

Reporting by Juby Babu in Bengaluru; Enhancing by Kim Coghill

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