Elon Musk Impact: New Downloads For X (Formerly Twitter) Drop By 30% Since Rebranding Exercise


Shreya Bose

Shreya Bose

Sep 17, 2023


X, which used to be known as Twitter, has suffered a plunge in downloads by almost 30% within two months of the rebranding.

Elon Musk Impact: New Downloads For X (Formerly Twitter) Drop By 30% Since Rebranding Exercise

Web traffic

According to a report by Apptopia, this figure marks its lowest point in over a decade.

The web version also saw a decline in traffic, with global visits down by 10% in August compared to last year.

Monthly user addition

Since 2011, X (Twitter) typically added 15 to 30 million new users monthly.

However this has now gone down to 10 million users between August and September this year.

For perspective, it saw an 18% decrease in downloads just before Elon Musk took over.

Daily, monthly active users

Coming to the matter of user retention, or the ability of the platform to keep people using it, daily active users stood at 249 million in September, a drop from 253 million in July.

Monthly active users also followed similarly, falling from 398 million to 393 million within the same time frame.

Big plans

All this is clearly troubling for Musk, who had been making changes left and right in determined efforts to attract advertisers and build up revenue. 

He earlier said that he wanted to hit 1 billion monthly users by 2024.

This looks difficult going by the way things are now. 

Although there was a brief surge in downloads and usage following his takeover, the momentum eventually fizzled out. 

Trouble ahead

Another problem Musk may not be able to rectify is the huge number of staff he fired or voluntarily quit, as Business Insider said.

His desperate attempts at attracting advertisers is not going so well either, with many choosing to avoid the platform for active promotions. 


Shreya Bose
Shreya Bose
  • 610 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online