According to a report from The Daily Wire, business is booming over at the blue bird when it comes to new users; CEO Elon Musk says active user minutes a day has reached 8 billion.
From The Daily Wire:
Investor slides shared by Musk say that the daily inflow of new users has reached two million, while “user active minutes per day” likewise reached eight billion. The company now has more than 250 million monetizable daily active users, Musk says. All three metrics exceed previous company records.
Musk has been attempting to avoid impersonations by selling verification subscriptions for $8 per month, a policy that has repeatedly been reversed and reintroduced. The slides said that reported impersonations spiked after he took control of the company before falling once again.
The slides also show that purported hate speech impressions have been lower since Musk acquired the platform. Musk, who claimed he purchased Twitter to promote free expression and peaceful dialogue across the political spectrum, revealed last week that the company is still defining hate speech with “the same list of terms” implemented before the acquisition.
Musk also hinted at a number of new offerings from “Twitter 2.0,” including enhanced video content, long-form tweets, encrypted direct messages, and entertaining advertisements.
While new users are up, revenue has taken a hit due to advertiser exits.
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Musk confirmed earlier this month. “Extremely messed up! They’re trying to destroy free speech in America.”
More over at The Daily Wire:
Elon Musk Reveals How Twitter’s Business Is Doing Under His Leadership https://t.co/3Kog8dt8HG
— Daily Wire News (@DailyWireNews) November 28, 2022