Elon Musk predicts ‘Twitter 2.0’ will have 1 billion users a month by 2024

Elon Musk has actually forecasted that Twitter will have more than a billion users a month by 2024 as he continued to carry out modifications to the platform.

In a Saturday tweet, the brand-new owner shared slides from his “Twitter business talk” listing functions he prepares to consist of in “Twitter 2.0”– a term he’s utilizing to describe his vision of the social networks app.

Reacting To a user who quote-tweeted him stating “This what failure appears like to the left,” Musk said: “I believe I see a course to Twitter surpassing a billion regular monthly users in 12 to 18 months.”

Twitter had 238 million users in the 2nd quarter of this year, a representative informed Reuters last month.

Among the charts the Tesla and SpaceX CEO shared revealed signups were at a record high. Another, which seems obsolete, reveals active minutes were likewise at an all-time high.

Nevertheless, Expert has actually seen information collected by Worldwide Wireless Solutions, a consulting company, about Twitter use based upon the mobile phone use of 200,000 Americans.

It discovered that the variety of day-to-day sessions on Twitter in between October 28 to November 19 was 3% lower than the duration in between October 2 and October 27, the day Musk took control of.

A current internal report dripped to Reuters revealed that Twitter was shedding its most active users, or “heavy tweeters.” While they represent less than 10% of total regular monthly users, they represented 90% of all tweets and half of the business’s worldwide profits.

The file stated a “heavy tweeter” visited 6 to 7 times a day and tweeted 3 to 4 times a week, Reuters reported.

Musk stated in a tweet in April that a few of the most-followed Twitter accounts, such as Barack Obama and Justin Bieber, hardly ever tweeted and “post really little material.”

Another slide that Musk shared mentioned that Twitter was now hiring after mass layoffs and resignations.

Twitter didn’t right away react to an ask for remark by Expert.