A slide published by Twitter CEO Elon Musk on his account is seen in this picture from social media released on November 26, 2022.

A slide printed by Twitter CEO Elon Musk on his account is seen on this image from social media launched on November 26, 2022.
| Photograph Credit score: Reuters

Twitter Inc Chief Executive Elon Musk has mentioned that new consumer signups to the social media platform are at an “all-time excessive”, as he struggles with a mass exodus of advertisers and customers fleeing to different platforms over considerations about verification and hate speech.

Signups have been averaging over two million per day within the final seven days as of November 16, up 66% in comparison with the identical week in 2021, Mr. Musk mentioned in a tweet late on Saturday.

He additionally mentioned that consumer lively minutes have been at a report excessive, averaging practically 8 billion lively minutes per day within the final seven days as of November 15, a rise of 30% compared to the identical week final 12 months.

Hate speech impressions decreased as of November 13 in comparison with October of final 12 months.

Reported impersonations on the platform spiked earlier this month, earlier than and in wake of the Twitter Blue launch, in accordance with Mr. Musk.

Additionally learn: Twitter to launch colour coded “Verified” feature next week, Musk says

Mr. Musk, who additionally runs rocket firm SpaceX, brain-chip startup Neuralink and tunneling agency the Boring Firm, has mentioned that purchasing Twitter would velocity up his ambition to create an “all the pieces app” referred to as X.

Mr. Musk’s “Twitter 2.0 The Every little thing App” could have options like encrypted direct messages (DMs), longform tweets and funds, in accordance with the tweet.

Watch | The current key developments at Twitter

Advertisers on Twitter, together with massive firms akin to Common Motors, Mondelez Worldwide, Volkswagen AG, have paused promoting on the platform, as they grapple with the brand new boss.

Mr. Musk has mentioned that Twitter was experiencing a “huge drop in income” from the advertiser retreat, blaming a coalition of civil rights teams that has been urgent the platform’s high advertisers to take motion if he didn’t shield content material moderation.

Additionally learn: Twitter India sees significant layoffs; Musk blames ‘activists’ for revenue drop

Activists are urging Twitter’s advertisers to situation statements about pulling their advertisements off the social media platform after Mr. Musk lifted the ban on tweets by former U.S. president Donald Trump.

Hundreds of Twitter employees are believed to have quit the beleaguered firm, following an ultimatum by Mr. Musk that staffers join “lengthy hours at excessive depth,” or depart.

The corporate earlier in November laid off half its workforce, with groups liable for communications, content material curation, human rights and machine studying ethics being gutted, in addition to some product and engineering groups.

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