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

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

Musk’s publish on X concerning the consumer figures comes as the corporate goes via organizational modifications and appears to spice up promoting income which has dropped within the latest month.

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

Twitter had 229 million month-to-month lively customers in May 2022, in response to a press release made earlier than Musk’s buy of the agency in October. Musk posted in November that X had 259.4 million each day lively customers.

Since taking on, Musk has swiftly moved via a lot of product and organizational modifications. 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 have been a precedence even because the platform labored to extend the subscription income.

Musk stated earlier this month that X’s money movement was unfavorable due to a virtually 50% drop in promoting income and a heavy debt load, with out providing particulars.

(This story has been edited by News18 employees and is printed from a syndicated news company feed – Reuters)