Elon Musk Says X Has Reached A ‘New High’, Monthly Users Over 540 Million – News18

Elon Musk mentioned on Friday month-to-month customers of social media platform X, previously often known as Twitter, reached a “new high” and shared a graph that confirmed the most recent rely as over 540 million.

Musk’s publish on X in regards to the consumer figures comes as the corporate goes by way of organizational adjustments and appears to spice up promoting income which has dropped within the latest month.

It can also be the most recent in a collection of feedback from X’s executives claiming sturdy traction in utilization, after Meta Platforms launched a direct competing platform known as Threads on July 5.

Twitter had 229 million month-to-month energetic customers in May 2022, in keeping with an announcement made earlier than Musk’s buy of the agency in October. Musk posted in November that X had 259.4 million every day energetic customers.

Since taking up, Musk has swiftly moved by way of quite a lot of product and organizational adjustments. The firm rolled out the verified blue tick as a paid service and has began sharing a minimize of the advert gross sales with choose content material creators on the platform.

In May, Musk named former NBCUniversal promoting chief Linda Yaccarino as CEO of X, signaling that advert gross sales had been a precedence even because the platform labored to extend the subscription income.

Musk mentioned earlier this month that X’s money circulation was detrimental due to an almost 50% drop in promoting income and a heavy debt load, with out providing particulars.

(This story has not been edited by News18 employees and is revealed from a syndicated news company feed – Reuters)