Twitter signups at all-time high: Musk

Twitter Inc 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.

Signups were averaging over two million per day in the last seven days as of November 16, up 66 per cent compared to the same week in 2021, Musk said.

He also said that user active minutes were at a record high, averaging nearly eight billion minutes per day in the last seven days as of November 15, an increase of 30 per cent in comparison to the same week last year.

Everything app

Musk has said that buying Twitter would speed up his ambition to create an ‘everything app’ called X.

Musk’s ‘Twitter 2.0 The Everything App’ will have features like encrypted direct messages (DMs), longform tweets and payments, according to the tweet.

Advertisers including big companies such as General Motors and Volkswagen AG, have paused advertising on the platform, as they grapple with the new boss.