Elon Musk says X monthly users reach ‘new high’

Elon Musk stated 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 newest depend as over 540 million.

Musk’s publish on X in regards to the person figures comes as the corporate goes via organizational modifications and faces competitors from the newly launched Threads app, owned and operated by Meta Platforms.

Twitter had 229 million month-to-month energetic customers in May 2022, in keeping with a press release made earlier than the buyout.

Under Musk, X has gone via a sequence of product modifications and workers cuts as the corporate tries to spice up income.

X’s money movement stays damaging due to an almost 50% drop in promoting income and a heavy debt load, Musk stated earlier this month, falling wanting his expectation in March that the social media platform might attain money movement optimistic by June.

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