Thats what Elon Musk promised the audience quotTwitter 20quot Reach
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That’s what Elon Musk promised the audience "Twitter 2.0" Reach 1 billion monthly users by 2024

Multi-billionaire Elon Musk, who recently bought Twitter, predicts that the updated social network Twitter, which continues to be reformed, will increase the number of users after its acquisition. According to him, in the next 12-18 months, the number of monthly users of the multifunctional social service, which he dubbed “Twitter 2.0”, should grow to 1 billion people.

    Image source: Brett Jordan/unsplash.com

Image source: Brett Jordan/unsplash.com

In the second quarter of this year, Twitter had 238 million users, a company spokesman told Reuters. At the same time, a record number of registrations in the social network was recently observed.

Additionally, Musk said that in the week leading up to November 16, registrations increased by 66% compared to the same period in 2021, and “activity minutes” hit an all-time high of about 8 billion minutes per day. At the same time, however, the number of xenophobic statements fell.

According to Global Wireless Solutions, which tracks Twitter usage by 200,000 Americans, the number of sessions on the network decreased by 3% from Oct. 28 to Nov. 19 compared to the Oct. 2-27 period — the last day Musk came into the possession of the company.

    Image source: Global Wireless Solutions/unsplash.com

Image source: Global Wireless Solutions/unsplash.com

According to one of the Reuters materials, the social network is now losing its most active users. Despite accounting for just 10% of the total, they account for 90% of all tweets and half of the company’s global revenue. The document states that each of these users, known as heavy chirpinglogs into the network 6-7 times a day and posts 3-4 times a week.

On Sunday, Musk shared information about hiring new employees after mass layoffs of employees and resignations of top executives – many of whom decided to leave themselves when the billionaire promised “long hours of intense work”and in India, the company has laid off almost all employees.

Musk says Twitter 2.0 The Everything app will get a variety of additional features, including end-to-end message encryption, support for long text posts, and payments.

Meanwhile, activists of all stripes are trying to harass the billionaire while he unblocks the accounts of controversial figures like former US President Donald Trump and a number of large companies including General Motors, Mondelez International, Volkswagen AG and others are “frozen”. ” their local advertising. The billionaire himself admitted to a significant drop in the site’s revenue.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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