this post was submitted on 23 Mar 2024
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Data from two research firms and figures published by Musk and X suggest a deteriorating situation for X by some metrics. Musk has marketed it as the world’s “town square,” but in number of users it continues to lag far behind social media rivals that focus on video, such as Instagram and TikTok. 

In February, X had 27 million daily active users of its mobile app in the U.S., down 18% from a year earlier, according to Sensor Tower, a market intelligence firm based in San Francisco. The U.S. user base has been flat or down every month since November 2022, the first full month of Musk’s owning the app, and in total it’s down 23% since then, Sensor Tower said.

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[–] [email protected] 36 points 7 months ago (4 children)

What I find most interesting, is not that twitter is failing in active users faster than the others, but that all the other listed in the article are also all seeing a decline in user ship. Even the new “up and comer” TikTok is losing users.

To some extent I suspect that it’s just a result of people breaking their social medias built during the pandemic. But is there something else? Are they just going to new platforms? Is there a modal shift on how people congregate online driven by the issues with platforms? Or are people just spending less time online with the pandemic mostly over.

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[–] [email protected] 36 points 7 months ago (4 children)

Right wing "free speech" spaces tend to crash and burn hard. If they don't moderate blatant racism and shitty behavior, the white supremacists drive out all the sane people, but if they do moderate, then shit stains like Tim Pool will start casting massive amounts of FUD onto the platform and claim that it has "gone woke" and isn't a true free speech platform.

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[–] [email protected] 13 points 7 months ago
[–] [email protected] 14 points 7 months ago (1 children)

I need someone to tell me why Musk won't be a huge buyer of DWAC when it opens. How much of Truth Social would he need to get it merged with Twitter, which would get Trump back on the platform. Musk gets to help out the psycho conservative right and he gets to help himself.

[–] [email protected] 12 points 7 months ago (2 children)

It would get attention, but can that attention be translated into ad revenue? So it doesn't really help Musk out, and would be a bad move. So it seems like a stupid thing to do. So he'll probably do it.

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[–] [email protected] 7 points 7 months ago (1 children)

Even of nobody uses twitter , he got the money to keep it running for next 100 years.

[–] [email protected] 13 points 7 months ago (1 children)

Not really. His wealth isn't in money, it's in shares of companies like Tesla. If Tesla drops in value his wealth drops. If he sells shares in Tesla to subsidize Twitter, the value of his remaining shares in Tesla drops. Which is why he borrowed a lot of money from the Saudis to acquire Twitter. Using Tesla shares as collateral. Tesla stock is crazy overvalued, and he's leveraged it to shit. It's possible Elon Musk could be bankrupt in a couple of years.

[–] [email protected] 2 points 7 months ago (2 children)
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[–] [email protected] 40 points 7 months ago (4 children)

Elon was right when he said history will remember who killed Twitter, but we disagree on who

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