Elon Musk, CEO of Twitter, says new user signups are at an all-time high as he struggles with a mass exodus of advertisers and users who have fled to other platforms because of concerns about verification and hate speech.
In the last seven days, sign-ups were averaging over two million per day, up 66 per cent compared to the same week in 2021, Musk said in a tweet late on Saturday night that user active minutes were at a new all time high, an increase of 30 per day in the last seven days, an increase of nearly 8 billion active minutes per day in the last seven days as of November 15, an increase of nearly 30 per day from the same week last year.
As of November 13 there were fewer hate speech impersonations compared to October of last year.
According to Musk, reported impersonations on the platform spiked earlier this month, before and after the Twitter Blue launch.
Musk, who runs rocket company SpaceX, brain-chip start-up Neuralink and tunneling firm Boring Company, has said that buying Twitter would speed up his ambition to create an everything app called X.
The tweet says that Musk's Twitter 2.0 The Everything App will have features like encrypted direct messages DMs longform tweets and payments.
Musk said early on Sunday that he believes that Twitter will surpass a billion monthly user in 12 to 18 months.