Elon Musk’s X is blocked.
X, formerly known as Twitter, has stagnated in terms of user growth since Musk acquired the company, according to a new report from The Financial TimesX has approximately 251 daily active users worldwide as of Q2 2024.
This represents only a 1.6% increase in the number of users on X compared to the same period last year.
The social media platform, then known as Twitter, had been growing at double-digit rates, adding tens of millions of new users year after year before Musk took over the company in October 2022.
In contrast, Musk’s X added just over four million users between Q2 2023 and Q2 2024.
Musk X’s Stagnant Growth Is Worse Than It Looks
The quarterly breakdown of X’s weak daily active user growth actually puts a positive spin on the platform’s realities, according to Mashable itself. previous report.
Speed of Light Mashable
X hasn’t openly reported daily active user counts since Musk took the company private. However, shortly after Musk acquired the company, Twitter’s then-new owner was quite open about X’s growing user base, seemingly encouraged by users signing up to see what he would do.
The tweet may have been deleted
At the end of November 2022, Musk shared a chart The weekly breakdown chart shows that Twitter added about five million daily active users in the month following its acquisition. The weekly breakdown chart shows that the social media platform had 254.5 million daily active users as of October 23, Twitter’s last full week before Musk took over. As of November 20, the platform had 259.4 million daily active users, according to Musk’s chart.
The company’s user base, which stands at 251 million daily active users worldwide in the second quarter of 2024, is actually back to where it was on October 16, 2022, according to the chart, just before Elon Musk acquired the company on October 28.
As of September 2023, X was affirming It had 245 million daily active users — a figure the company only shared after CEO Linda Yaccarino publicly stated that the platform had 225 million daily active users during a conference.
X will not share its daily active user statistics this time around, according to the The Financial Times. The company only disputed the media report and claimed to have seen “a significant increase in monthly users in the US and UK between August last year and June this year.” However, X declined to provide the information. The Financial Times with any data.
Tuesday, @XData (official “Data on X” account of X) published some statistics from the platform, apparently in public response to the The Financial Times The account shared stats like “daily seconds of usage” and “daily video views.” But it still hasn’t provided daily stats on active users — the industry’s most commonly used metric to measure growth — to counter the report’s claims.
Based on the latest data we have, it appears that Elon Musk’s X has lost the daily active users it gained after the acquisition and returned to its pre-Musk user count in 2022.
