Twitter CEO Musk boasts about the “everything app features” and claims that user signups are at an all-time high

Elon Musk, the CEO of Twitter Inc., said that the number of new user signups on the social media platform is at a “all-time high” as he battles a large migration of advertisers and users to other platforms due to worries about authentication and privacy.
As of Nov. 16, signups had increased by 66% since the same week in 2021, averaging over two million per day. Musk noted this in a tweet posted late on Saturday.
Additionally, he stated that user active minutes had reached a new high, averaging nearly 8 billion minutes per day over the previous seven days as of November 15—a 30% increase over the same week in 2016.
Impersonations of hate speech have dropped as of November 13 compared to October of last year.
According to Musk, the number of reported impersonations on the platform increased earlier this month, both before and after the launch of Twitter Blue.
With the purchase of Twitter, Musk, who also owns the rocket company SpaceX, brain-chip startup Neuralink, and tunneling company the Boring Company, hopes to move closer to realizing his vision of a “everything app” dubbed X.
According to the tweet, Musk’s “Twitter 2.0 The Everything App” will offer functions including encrypted direct messages (DMs), longform tweets, and payments.
As they adjust to the new leader, Twitter advertisers, including major corporations like General Motors, Mondelez International, and Volkswagen AG, have suspended their campaigns.
Musk blamed a coalition of civil rights organizations for pressuring the platform’s top advertisers to take action if he did not protect content moderation and claimed that Twitter was experiencing a “massive drop in revenue” as a result of the advertiser retreat.
After Musk lifted the ban on tweets by former U.S. president Donald Trump, activists are urging Twitter’s advertisers to make public statements about removing their advertisements from the social media platform.
Following Elon Musk’s threat that employees would have to sign up for “long hours at high intensity” or leave the struggling company, hundreds of Twitter employees are rumored to have left the struggling enterprise.
Early in November, the company cut half of its workforce, eliminating teams in charge of product and engineering, communications, content curation, human rights, and machine learning ethics.