Elon Musk's social media platform X, formerly Twitter, which he acquired for $44 billion in October 2022, shared data about the platform, including daily active user minutes, annual impressions, and average sales contributions. However, some users are worried about X doing "well financially."
What Happened: On Monday, the social media platform shared the data, saying, "X is indispensable." As per the data, 250 million people use the platform daily, while on average, one person spends 30 minutes daily on X.
According to X, "This year, the daily average of user time spent on the platform has grown by +13%. Mobile time spent is up +17% vs. the last six months."
Musk's social media platform currently has more than eight billion daily active user minutes average in 2024 so far. This is up 10% from last year.
Top conversation topics on the social media platform were Sports, Gaming, Food and Music. Moreover, as per the data, user engagement with brands have also improved.
The platform also revealed that it currently houses ...