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Elon Musk Says X Monthly Users Reach “New High”

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Under Elon Musk, X has gone by means of a collection of product adjustments and employees cuts.

San Francisco:

Elon Musk mentioned on Friday month-to-month customers of social media platform X, previously generally known as Twitter, reached a “new high” and shared a graph that confirmed the newest rely as over 540 million.

Musk’s publish on X concerning the consumer figures comes as the corporate goes by means of organizational adjustments and faces competitors from the newly launched Threads app, owned and operated by Meta Platforms.

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

Under Musk, X has gone by means of a collection of product adjustments and employees cuts as the corporate tries to spice up income.

X’s money circulate stays destructive due to a virtually 50% drop in promoting income and a heavy debt load, Musk mentioned earlier this month, falling wanting his expectation in March that the social media platform might attain money circulate constructive by June.

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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