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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

More than 10 million people have signed up for X in December, CEO says

The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration
The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this ill... The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration
The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this ill... The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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More than 10 million people have signed up for X in December, CEO says, The Chief Executive Officer of X, Linda Yaccarino, stated in a post on the social media platform that more than ten million users had joined X in December.

According to the New York Times, this comes at a time when the firm, which was once known as Twitter, is facing the possibility of losing as much as $75 million in advertising income by the end of the year. This will happen because large companies will pause their site marketing efforts.

Because X does not routinely reveal user statistics, it was not possible to quickly contact them for a comment about the correlation between the December sign-ups and the average or why Yaccarino published the figure. In July, the site’s owner, Elon Musk, who is worth a billion dollars, stated that it had 540 million monthly users.

During November, several firms, including Apple, Disney (DIS.N), Warner Bros. Discovery (WBD.O), Comcast (CMCSA.O), Lions Gate Entertainment (LGFa.N), Paramount Global (PARA.O), and IBM (IBM.N), announced that they would be stopping their advertisements on X.

The fact that Musk agreed with a user who made a bogus allegation that Jewish people were fueling hatred against white people caused advertisers to leave the platform, and Musk blasted those advertisers.

Postings that promoted Nazism were discovered to have advertisements from large corporations next to them, according to a study by the monitoring group Media Matters. At the end of November, the platform launched a lawsuit against Media Matters, accusing the latter of defamatory behavior.


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