'Twitter 2.0 The Everything App' will have features like encrypted direct messages, long-form tweets and payments, CEO Elon Musk said.
Elon Musk says new user sign-ups 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.
He also said that user active minutes were at a record high, averaging nearly eight billion active minutes per day in the last seven days as of 15 November, an increase of 30% in comparison to the same week last year.Hate speech impersonations decreased as of 13 November compared to October of last year.
Musk, who also runs rocket company SpaceX, brain-chip start-up Neuralink and tunnelling firm Boring Co, has said that buying Twitter would speed up his ambition to create an “everything app” called X. In another tweet early on Sunday, Musk said he sees a “path to Twitter exceeding a billion monthly users in 12 to 18 months”.Advertisers on Twitter, including big companies such as General Motors, Mondelez International and Volkswagen, have paused advertising on the platform, as they grapple with the new boss.
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