Twitter CEO Elon Musk has said that new user signups to the social media platform are at an "all-time high," as he struggles with a mass exodus of advertisers and users fleeing to other platforms over concerns about verification and hate speech.
Elon Musk has said that buying Twitter would speed up his ambition to create an"everything app" called X. REUTERS/ Dado Ruvic/ Illustration
Signups were averaging over two million per day in the last seven days as of Nov. 16, up 66% compared to the same week in 2021, Musk said in a tweet late on Saturday. Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, has said that buying Twitter would speed up his ambition to create an "everything app" called X.
Advertisers on Twitter, including big companies such as General Motors, Mondelez International, Volkswagen AG, have paused advertising on the platform, as they grapple with the new boss.
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