X userbase 'grew 1.6%' since Musk's $44B takeover
X, previously Twitter, saw a 1.6% user increase post Elon Musk's acquisition, reaching 251 million daily users. Growth slowed compared to prior years, facing challenges like monetization and competition from Meta and Mastodon.
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The userbase of X, formerly known as Twitter, has experienced a growth of 1.6% since Elon Musk's $44 billion takeover. This increase brought the daily active user count to around 251 million, up from 247 million in 2023. However, this growth rate is significantly lower compared to previous years when Twitter saw annual userbase expansions of around 15%, with an exceptional 35% surge in 2020. Musk's acquisition marked a noticeable slowdown in growth, with only a 5% increase in the second quarter of 2023. Despite Musk's promises to address issues like spam bots, X has faced challenges, including the monetization strategy with features behind a paywall and the discontinuation of third-party Twitter apps due to restricted API access. Competitors like Meta's Threads and Mastodon pose additional threats to X's user retention. Musk's controversial statements and legal battles over free speech on the platform have also contributed to the evolving landscape of X's userbase growth and engagement.
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7 commentsI occasionally use Mastodon and like it very much as the signal to noise ratio is much better. But I also see most of SF remaining on twitter and people you ran into still identify themselves with their twitter handles.
The only way I see it getting worse is generally nice and well intentioned people leaving because they don't like Musk, therefore making the space poorer.
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(Let us ignore our constant battle of us performing our own but seemingly semi-autonomous blocking of all brand-new accounts created just for THE lone one "like" of our post ... or an AI-generated avatar come-hithering us by twanging a siren call toward our lonely heart.)
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