In 2024, X (formerly known as Twitter) has continued to evolve under Elon Musk’s leadership. Here are some key highlights:
Monthly Active Users: X has around 619 million monthly active users, making it the 12th most popular social media platform worldwide.
Revenue: In 2023, X generated $3.4 billion in revenue, with a significant portion coming from advertising.
User Demographics: The majority of X’s users are between the ages of 25 and 34, and about 60.9% of the users are male.
Top Countries: The United States has the highest number of users at 105.42 million, followed by Japan and India.
Elon Musk’s vision for X includes transforming it into a super-app similar to WeChat, incorporating features like video and voice calls, messaging, mini-programs, and payment services.
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What are the recent controversies surrounding X?
X (formerly known as Twitter) has faced several controversies recently:
Disinformation: A European Commission study found that X has the highest proportion of disinformation among major social networks. This has raised concerns about the platform’s role in spreading false information, especially during critical times like elections and the ongoing war in Ukraine.
Content Moderation: Since Elon Musk’s takeover, X has significantly reduced content moderation, leading to an increase in hate speech and misinformation. This has made the platform less safe for activists and marginalized groups.
Financial Decline: The value of X has reportedly halved since Musk’s acquisition, dropping from $44 billion to $19 billion. This financial downturn has been attributed to the loss of advertisers and users who are dissatisfied with the platform’s new direction.
Controversial Posts: Elon Musk’s own posts have sparked outrage, including accusations of endorsing antisemitic views. This has led to backlash from advertisers and investors, further impacting the platform’s reputation and financial stability.
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Why Twitter changed to "X"?
Twitter officially rebranded to “X” on July 23, 2023. This change was part of Elon Musk’s vision to transform the platform into a super-app, offering a wide range of services beyond social media.
Twitter rebranded to “X” as part of Elon Musk’s vision to transform the platform into a super-app. Here are the main reasons behind the change:
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Broader Vision: Musk aims to turn X into a multi-functional app similar to WeChat, incorporating features like messaging, payments, and more.
New Identity: The rebranding reflects a shift from being just a social media platform to a more comprehensive service offering various digital utilities.
Innovation: The name “X” symbolizes the unknown and the potential for innovation and expansion beyond traditional social media boundaries.
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