How many users is Twitter losing?
As of December 2022, X/Twitter's audience accounted for over 368 million monthly active users worldwide. This figure was projected to decrease to approximately 335 million by 2024, a decline of around five percent compared to 2022.
How many people still use Twitter 2023?
Twitter Monthly Active Users
According to X/Twitter owner (Elon Musk), Twitter had an all-time high 550 million monthly active users across the world in 2023.
Is Twitter losing money 2024?
X CEO Linda Yaccarino said Wednesday the social media platform formerly known as Twitter will be profitable by early 2024, claiming most top advertisers had returned after ditching the platform following Elon Musk's takeover last year.
Is Twitter making money in 2023?
Elon Musk's X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
Is Twitter Losing Popularity?
Since Musk bought the company in October 2022, it's lost approximately 13% of its app's daily active users. And its rebrand from Twitter to X accelerated the decline, per data that Big Technology is first publishing here.
Is Twitter in losses?
Changing the social media business model
Advertising accounted for nearly 90% of Twitter's $5.1bn in annual revenue in 2021. That total has slumped due to an advertiser exodus triggered by fears over moderation standards on the platform and general concerns about Musk's leadership.
Why is Twitter losing users?
In its latest social network usage forecast, Insider Intelligence expects monthly Twitter users worldwide to drop nearly 4% in 2023 and another 5% in 2024. Our base assumption for this forecast is that technical issues and offensive content will drive away users.
Which country uses Twitter the most?
The country with the most Twitter users is the United States with a total of 77.75 million users. The other countries rounding out the top five are Japan, India, Brazil, and the United Kingdom. Here's how they stack up based on the number of active users: United States: 77.75 million active users.
How much is Twitter worth now?
Elon Musk purchased X, formerly known as Twitter, in October 2022 for $44 billion. Since then, its value has plunged 71.5%. In late 2023, a leaked memo from the social media platform showed that X valued itself at less than half its initial value—just $19 billion.
Where will Twitter be in 5 years?
Musk has some great development plans for the platform. He intends to double Twitter's user base in just 2.5 years and to quadruple it in the next 5 years. Moreover, he wants to significantly reduce the company's income dependency on advertising, while at the same time, increasing Twitter's revenue 5 times.
How much is Musk losing?
Bloomberg estimates Musk has lost $41 billion since Tesla's Oct. 18 earnings call. The financial publication says his net worth was $234 billion before Tesla announced its disappointing performance. Forbes puts his net worth slightly higher, at $213.8 billion, but still says he recently lost about $1 billion.
Is Twitter growing again?
Twitter Statistics 2024 (Top Picks)
Twitter currently boasts 528.3 million monetizable monthly active users in 2023, projected to reach 652.23 million by 2028. There are 237.8 million monetizable daily active users (mDAU) on Twitter. Twitter's revenue in 2022 was $4.4 billion.
Is Twitter in profit or loss?
Finances. For the fiscal year 2021, the last fiscal before Twitter was taken private, the company reported a loss of 221 million, with an annual revenue of $5.1 billion. Since its IPO, Twitter made profit in only two of the eight years.
How much is Elon Musk worth 2023?
The gains were across the board, though no one saw a bigger jump than Elon Musk, who was worth $137 billion on Jan. 2, 2023, and now stands at $229 billion, according to Bloomberg's Billionaires Index.
Who owns Twitter now 2023?
Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022.
Is Twitter still shrinking?
Twitter, now X, has been shrinking under its new owner, Elon Musk. According to data from mobile research firm Apptopia, the platform has lost approximately 13% of its daily active users since Musk bought the company in October 2022. There are a number of possible reasons for this decline.
How many advertisers have left Twitter?
Media Matters reported 50 of Twitter's top 100 advertisers from 2022, that accounted for $750 million in revenue, had either cut back or stopped advertising entirely on the website. Among them were VW, General Motors GM +1.6% , Diageo, Heineken, Nestle, Coca-Cola KO +0.2% , Mars and Ford.
Is Twitter losing money 2023?
Elon Musk's X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
How much is Twitter losing a day?
If that happens, and its alternative revenue streams stall at lower than expected rates, that could see the app on increasingly shaky ground - and it could be that by Q2, around August this year, Twitter is back to losing some $4 million a day, putting the pressure back on Elon to come up with another way to right the ...
Is Twitter worth $44 billion?
Everyone knew that Twitter wasn't worth $44 billion when Elon Musk bought it a year ago. Now, we know what Musk himself thinks it's worth today: $19 billion.
How popular is Twitter in Russia?
As of January 2023, men accounted for 62.9 percent of Twitter users in the United States. Additionally, the U.S. was home to the world's largest Twitter audience, with over 76 million users in early 2022.
Which gender uses Twitter more?
The majority of Twitter's audience (38.5%) falls under the age bracket of 25 to 34. The monetizable daily active users of Twitter in the United States is 41.5 million. An Average Twitter user spends about 30.9 minutes on the platform daily.
How old is the average Twitter user?
Tech mogul Elon Musk has an estimated net worth of $206 billion. His estimated fortune peaked at around $340 billion in November 2021 as Tesla shares soared. Musk often trades places with businesspeople like Bernard Arnault for the title of world's richest person.
How old is Musk?
Forbes Valuation
Musk, who owns about 21% of Tesla, remains the world's wealthiest person with an estimated net worth of $203.6 billion, still roughly $20 billion more than LVMH's Bernard Arnault.
How rich is Elon Musk?
In 2021, X's (formerly Twitter) annual net loss amounted to 221 million U.S. dollars.
How much is Musk worth?
The site formerly known as Twitter is not, in fact, growing under new owner Elon Musk, according to web and mobile analytics firm Similarweb. Rather, X is shrinking, with global web traffic down 14% year-over-year in September and global mobile app usage down 17.8% in the U.S. and down 14.8% globally on Android.
How much is Twitter losing a year?
Request Review. X requires all users be at least 13 years old in order to create an account. In addition, some countries require users be over 13 to consent to the processing of their personal data.
Is Twitter growing since Elon Musk?
As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.
Is Twitter for 13 years old?
Elon Musk ceded the title of world's richest person to Frenchman Bernard Arnault of luxury conglomerate LVMH Tuesday evening, after a Delaware judge voided a hefty package of performance-based Tesla options awarded to Musk in 2018. Those shares had been worth more than $50 billion.
Are there any Trillionaires?
As of February 2024, X is the sixth most-visited website in the world. In October 2022, billionaire Elon Musk acquired Twitter for US$44 billion, gaining control of the platform and becoming the chief executive officer (CEO).
Did Elon Musk lose $50 billion?
Twitter makes money primarily through advertising. In 2022, advertising revenue accounted for 90% of the company's total revenue. Twitter offers a variety of advertising products, including: Promoted tweets: These are tweets that advertisers pay to have appear at the top of users' timelines or in search results.
Who is the No 1 richest person in world?
More than 30 million users are expected to leave Twitter over the next two years as concerns mount over technical issues and the proliferation of offensive content after Elon Musk's $44bn takeover, according to a forecast.
Who owns Twitter?
Twitter has been operating at a massive loss for years, failing to book an annual profit since 2019 (Mauer, 2022). For eight out of the last ten years, the company has posted a loss.
How Twitter makes money?
Global TikTok user earnings
ByteDance is valued at $223.5 billion in 2023 and turned $6 billion in profit by Q2 2023. TikTok made nearly $2 billion in worldwide in-app purchases by Q3 2023. TikTok's earnings in the United States are projected to experience continuous growth in the upcoming years.
How many people left Twitter?
No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount. The World Bank.
Has Twitter ever made money?
The Richest Man in the World, as reported in September 2023, is Elon Musk, with a net worth of $256.5 billion. World's Billionaires is an annual ranking granted to the wealthiest billionaires in the world, documented on the basis of their net worth.
Is TikTok profitable?
Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk's wealth, from $245.3 billion to $194.6 billion. The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co.
Who is a trillionaire?
Twitter Profit
Twitter has not reported its net profit / loss for 2022 and 2023, although we suspect both years were unprofitable due to large loan paybacks.
Who is the top 1 richest man in 2023?
Elon is Technoking of Tesla and has served as our Chief Executive Officer since October 2008 and as a member of the Board since April 2004.
Who is the richest person in 2024?
Tesla is the world's most valuable auto manufacturer, with a market capitalization of $611 billion. CEO Elon Musk is by far the largest shareholder, with over 20% of the company's equity.
Is Twitter making a profit 2023?
“Musk's treatment of the platform as a technology company that he could remake in his vision rather than a social network fueled by people and ad dollars has been the single largest cause of the demise of Twitter,” Enberg said.
Is Elon Musk still CEO of Tesla?
Other platforms have emerged — along with Substack there are LinkedIn, Snapchat and TikTok, for example — but Twitter survives and is not losing influence. It is evolving, in fact. “Customer service has moved to Twitter,” Golden says.
Does Elon Musk own Tesla?
Elon Musk purchased X, formerly known as Twitter, in October 2022 for $44 billion. Since then, its value has plunged 71.5%.
Why did Twitter fall?
Notable brands such as Apple, IBM, Disney, and Sony have pulled their advertising on X (Twitter) in the wake of recent controversial comments made by Elon Musk in addition to the discovery that their advertisements were apparently placed alongside flagrant, offensive content.
What is the alternative to Twitter?
X CEO Linda Yaccarino said Wednesday the social media platform formerly known as Twitter will be profitable by early 2024, claiming most top advertisers had returned after ditching the platform following Elon Musk's takeover last year.
Does Twitter still matter?
Musk has some great development plans for the platform. He intends to double Twitter's user base in just 2.5 years and to quadruple it in the next 5 years. Moreover, he wants to significantly reduce the company's income dependency on advertising, while at the same time, increasing Twitter's revenue 5 times.
What brands left Twitter?
Elon Musk's X, the social network formerly known as Twitter, is on track to bring in roughly $2.5 billion in advertising revenue in 2023 — a significant slump from prior years, according to people familiar with the matter.
Has twitters value dropped?
Musk tweeted on Friday that Twitter was losing more than $4 million a day, largely because advertisers started fleeing once he took over. He has blamed civil rights activists pressuring advertisers, though many in the advertising industry say his tweets spreading conspiracy theories have contributed.
What brands are quitting Twitter?
Why is Twitter $13 billion in debt?
Is Twitter losing money 2024?
How much is Twitter's debt?
Where will Twitter be in 5 years?
Twitter, now X, has been shrinking under its new owner, Elon Musk. According to data from mobile research firm Apptopia, the platform has lost approximately 13% of its daily active users since Musk bought the company in October 2022. There are a number of possible reasons for this decline.
Is Twitter losing money 2023?
Story highlights. Elon Musk-owned social media platform X (formerly Twitter) has lost 71.5 per cent of its value since the platform's takeover by the billionaire, said a disclosure made by mutual fund Fidelity accessed by Axios.
Why is Twitter losing $4 million a day?
Elon Musk's X, formerly known as Twitter, is now worth just $12.5 billion. Elon Musk purchased X, formerly known as Twitter, in October 2022 for $44 billion. Since then, its value has plunged 71.5%.
Is Twitter still shrinking?
Media Matters reported 50 of Twitter's top 100 advertisers from 2022, that accounted for $750 million in revenue, had either cut back or stopped advertising entirely on the website. Among them were VW, General Motors GM +1.6% , Diageo, Heineken, Nestle, Coca-Cola KO +0.2% , Mars and Ford.