According to Elon Musk, there have never been so many new registrations on Twitter

Elon Musk announces record registrations on the platform. Will it achieve the billion monthly users that Elon Musk had hoped for?

A month after the end of the takeover of Twitter, Elon Musk reports that the number of registrations has reached a “record”. This weekend, the billionaire shared a series of slides detailing the current state of Twitter and his vision for the platform. On November 16, Twitter added more than 2 million new users a day in the past seven days, again according to data released by Elon Musk. And the boss added that daily signups are up 66% compared to the same 7-day period in 2021.

Elon Musk announces record registrations on the platform

Elon Musk said that the active minutes spent by users on the platform are also at an all-time high, with about 8 billion active minutes per day in the past seven days until November 15. This is 30% more than in the same period last year. He also used the graph to state that the amount of exposure to hateful and offensive language has decreased in recent times.

Even if the data shared by Elon Musk is confirmed, it is difficult to draw real conclusions. For example, a graph of hate speech is, at best, an incomplete picture of the situation. For example, this low number of impressions suggests that the data is only for tweets in English. Additionally, there is some evidence that Twitter recently stopped enforcing its good behavior policy on the platform following the targeted harassment of transgender people.

Will it achieve the billion monthly users that Elon Musk had hoped for?

The data that Elon Musk did not share is also important. None of the charts give an idea of ​​Twitter’s finances. However, according to multiple reports, the billionaire recently told employees that the company was losing so much money that bankruptcy was “out of the question.”An even more recent report says that Twitter has lost 50 of its top 100 advertisers since Elon Musk took over the reins of the platform.

Also this weekend, Elon Musk told Jordan Peterson that he saw “Twitter exceed one billion monthly users within 12 to 18 months.”To achieve this goal, Twitter must find a significant increase in new users. Assuming the company continues to add 2 million users per week, that would only add 104 million new signups by the end of the first year. In 2022, Twitter has about 450 million monthly active users.

Slides from my Twitter talk about the company pic.twitter.com/8LLXrwylta

— Elon Musk (@elonmusk) November 27, 2022