X (formerly Twitter) has marked a year anniversary under new management after it revealed that the platform continues to record a remarkable average sign-ups of around 1.5 million per day.
One year after Elon Musk’s $44 billion purchase of X, the app has recorded significant giant strides, as loyal users are reported to spend more time on the platform, with 7.8 billion-plus active members per day, driven by growth in its video and community products.
Today, the average user spends more than 32 minutes of their day on X. Over half a billion of the world’s most informed and influential people come to X every month.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
The social network noted that Premium users are spending three times longer on X than non-paying users. That’s not surprising given how X is incentivizing a set of eligible premium users for a payout. Last month, the company claimed that it had paid $20 million to creators, and that figure in the blog post is unchanged.
X’s CEO Linda Yaccarino in a blog post highlighted the achievements that the platform has achieved over a year.
Parts of the blog post reads,
“October 27 marks the first anniversary of this platform under new ownership and management. I am incredibly proud of the work our team has been doing to accelerate the future of X. So let me share with you where we stand today;
“Freedom of expression: X is now a place where everyone can freely express themselves, so long as they do so within the bounds of the law. We believe open and respectful discourse is the single best way for humanity to thrive.
“Safety: Safety on X remains a critical priority – our work is not done, but we are making real progress. Our trust and safety team is working around the clock to combat bad actors and consistently enforce our rules in areas such as hate speech, platform manipulation, child safety, impersonation, civic integrity, and more. We also remain committed to privacy and data protection.
“Partnerships: Our team also has an ongoing dialogue with external groups to keep up to date with potential risks and support the safety of the platform – partners like the Technology Coalition, Anti-Defamation League, American Jewish Committee, and Global Internet Forum to Counter Terrorism.
“And if we can achieve all of this in just 12 months, just imagine the scope of our ambition for next year from expanded search to newswires to payments, we are just getting started. To our passionate and growing community and all of the teams, partners and customers who have been a part of this transformation, thank you” she concluded.
It is worth noting that X is leading the market in business verification as it enables organizations to verify and create a network of on-platform affiliate handles, allowing them to access all its premium features and expand their organic reach. On its community notes, the platform now has over 100k contributors in 43 countries and growing.
As Elon Musk continues to transform X into an everything app where users can increasingly connect to everything they care about, this move has enabled the company to evolve past a legacy mindset and reimagine how users around the world consume, interact, and transact all in one seamless interface. The platform is gradually transforming into a modern global town square.