(TheRedAlertNews.com) – Twitter’s new owner, billionaire Elon Musk, has revealed that new signups to the social media platform are skyrocketing, reaching an “all-time high.”
His announcement comes at a time when there has been an “exodus” of major advertisers and left-wing users because of worries “on verification and hate speech,” wrote mainstream news agency Reuters in a report cited by Newsmax.
In a tweet posted over the weekend, Musk said signups averaged more than two million daily in the seven days as of November 16.
He added that represented a 66% increase compared with the same week of 2021.
The world’s richest person also pointed out user active minutes had reached a record high. They averaged almost 8 billion daily active minutes in the seven days as of November 15.
That was a 30% spike compared to the same week in 2022.
The new Twitter Inc. CEO, who took over the platform last month in a $44 billion deal, also wrote that, as of November 13, hate speech impressions decreased compared with October 2021.
In his words, reported impersonations on Twitter spiked earlier this month, before and after the launch of Twitter Blue.
Musk revealed his purchase of Twitter would accelerate his plans to launch a “Twitter 2.0 The Everything App.”
The “everything app,” called X, would feature long-form tweets, payments, and direct encrypted messages.
In another tweet over the weekend, the Chief Twit, as Musk has called himself, declared he could see Twitter growing to over one billion active monthly users in 1-1.5 years.
The Reuters report pointed out that big advertisers have halted their ads on Twitter, including Volkswagen, General Motors, and Mondelez, because they “grapple with the new boss.”
It added Musk noted a “massive drop in revenue” from advertising as he “blamed a coalition of civil rights groups,” putting pressure on Twitter’s leading advertisers to quit unless the new owner “protects content moderation.”
Activists have particularly started to call upon advertisers to publicly declare stopping their Twitter ads since Musk formally restored the account of former US President Donald Trump.
The report stressed “hundreds” of employees left “the beleaguered company” after Musk demanded that they work longer, high-intensity hours.
Earlier in November, Musk laid off about half of Twitter’s employees, which, according to Reuters, “gutted” the platforms teams dealing with content moderation, communications, and human rights.
Elon Musk says 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 hate speech. https://t.co/0kaoe7YT3v
— NEWSMAX (@NEWSMAX) November 27, 2022