One year in, the future of X is bright (2024)

October 27 marks the one-year anniversary of this platform under new ownership and management.

I am incredibly proud of the work our team has been doing to accelerate the future of X.

So let me share with you where we stand today:

  1. Freedom of expression. X is now a place where everyone can freely express themselves, so long as they do so within the bounds of the law. We believe open and respectful discourse is the single best way for humanity to thrive.
  2. Safety. Safety on X remains a critical priority – our work is not done, but we are making real progress. Our trust and safety team is working around the clock to combat bad actors and consistently enforce our rules in areas such as hate speech, platform manipulation, child safety, impersonation, civic integrity and more. We also remain committed to privacy and data protection.
  3. Partnerships. Our team also has ongoing dialogue with external groups to keep up to date with potential risks and support the safety of the platform – partners like the Technology Coalition, Anti-Defamation League, American Jewish Committee and Global Internet Forum to Counter Terrorism.
  4. Time spent. Our fiercely loyal users are living more of their lives on X – with 7.8B+ active minutes on X per day, driven by growth in our Video and Communities products. Today, the average user spends more than 32 minutes of their day on X.
  5. User base. Over half a billion of the world’s most informed and influential people come to X every month. That’s inclusive of our efforts to aggressively remove spam and inauthentic accounts – a step we believe is critical to improve the X user experience and grow the platform. We continue to see sign-ups average around 1.5 million per day.
  6. Misleading or inaccurate information. We have made real progress in our work to combat misinformation from all sides on X. Community Notes now has over 100K contributors in 44 countries and growing. This product is not perfect, but it is improving rapidly. Notes are being seen tens of millions of times per day, and they are getting much faster – a necessity in a world where breaking information is inherently uncertain and X has outperformed traditional media.
  7. Brand safety and suitability. X advertisers now have a level of control that largely did not exist one year ago. Thanks to new products like Adjacency Controls, Sensitivity Settings and third party measurement partnerships with industry leaders Integral Ad Science and DoubleVerify, the average brand safety score on X is now >99%, and we are now seeing brand suitability scores at >97% when these controls are applied.
  8. Advertiser momentum. Our willingness to listen and take action on brand safety has been recognized by the advertising community. Since mid-May, all major agencies have reversed their pause guidance against advertising on X. Last quarter alone over 1,700 advertisers returned to X, from small businesses to major brands – including 90 of the top 100 ad spenders from a year ago. We are committed to making X the best place for businesses to launch new products, connect with culture and drive people to buy.
  9. From Twitter to X. We transformed Twitter into X, the everything app, where everyone is increasingly connected to everything they care about. This move enabled us to evolve past a legacy mindset and reimagine how users around the world consume, interact, watch and, soon, transact – all in one seamless interface. We have become the modern global town square.
  10. Product and infrastructure velocity. We shipped over 200 products and features post-acquisition with a significantly smaller team. How did we achieve this? We rebuilt and simplified large parts of the systems and infrastructure powering our main product surfaces from the ground up, which allowed us to maintain platform stability and innovate faster. We also invested in our machine learning capabilities with model architecture improvements and investments in on-prem GPU clusters to increase content relevance for our users.
  11. Verification and premium subscriptions. We have incentivized quality content while at the same time combating spam and bots. Today, the average X Premium subscriber spends three times longer on the platform than a non-subscriber. We have launched this offering in over 200 countries and territories worldwide, and created more utility and fun with new features like longer posts and videos, audio and video calls, bookmarks, edit posts, prioritized rankings and verification – to name a few.
  12. Verified Organizations. X is leading the market in business verification – our Verified Organizations subscription enables organizations to verify and create a network of on-platform affiliate handles, access all of our premium features and expand their organic reach. We have also rolled out the beta version of X Hiring, our very own recruitment platform.
  13. X Hiring. Through a Verified Organizations subscription, businesses can now post a job listing directly on the platform. Our engaged and educated audience makes for some of the most exceptional employees in the world. From software engineers, to healthcare professionals, to sales associates – hundreds of companies are already finding their next hires on X.
  14. Welcoming the creator economy. You can now create, connect and collect all on X. We have enabled the economic success of creators via our relaunching of Creator Subscriptions and our ad revenue sharing program. So far, we have paid out more than $20 million to our creator community – creators big and small are spurring our flywheel effect.
  15. Building communities. More people are getting together in X Communities, now available to all countries in English plus Japan. The conversations are public, discoverable and always lively. We see 70,000 people join a new Community each day, with time spent rising 300% since May.
  16. Messaging and calling. Direct messaging on X is a completely enhanced experience from a year ago. We rolled out encrypted messaging to X Premium subscribers, increased the limit on group DMs to 200 and added more message reply functionality. Just yesterday, we launched audio and video calling, enabling Premium subscribers to call any X handle in the world without having to give them their phone number.
  17. Make X yours. One of the most powerful things about X is how unique the experience can be to each and every one of us. From the “For You” tab to adding bookmarks to making Lists and Communities pinnable to the Home Timeline, we have introduced more personalization features to help make X yours. We also open-sourced our algorithm to increase transparency and invited our community to help us improve our recommendation algorithms. Any platform committed to transparency would do the same.
  18. Long form content. We added the ability for X Premium subscribers to post up to 2 hours of 1080p or 3 hours of 720p video content. In one month alone, people watched 210 years worth of videos 30 minutes or longer, with Sports, Business, Gaming, Politics and Entertainment topping the charts. Meanwhile, you can now write or read an essay by posting up to 25,000 rich-text characters and embed images within posts. Each day 150,000 new long form posts are published, receiving more than 3 billion impressions.
  19. Vertical video. As video consumption on the platform grows, we have scaled the ability for users to watch a continuous loop of sound-on, vertical video. This surface already has over 100 million daily users – more than half of which are Gen Z, the fastest growing segment on X. Soon, we will GA Vertical Video Ads to all advertisers globally with a pre-bid, vetted inventory solution via our brand safety partners Integral Ad Science.
  20. Premium content. X is now home to more than 750 of the industry's most premium content producers – from the sports leagues, to premium publishers, broadcast networks, and creators. We are poised to grow these partnerships further while bringing original programming to X for the first time in the platform's history, in concert with both creators and brands.
  21. Enhanced advertising solutions. We have expanded our powerful advertiser solutions. Our new Keyword Ads product enables advertisers to pay for proximity to highly relevant conversations. Amplify Video continues to connect advertisers to their audiences via the world’s most premium and brand safe publisher content. And Vertical Video Ads will soon enable full-screen, sound-on advertising within our fastest growing video surface.
  22. API partners.The public conversation on X is a unique and powerful data set. We have streamlined and consolidated our subscription offering to cater to developers of all sizes, while continuing to provide free support to public utilities such as MTA, NWS and many more. By focusing on the value of our unique data we are quickly growing and expanding our data licensing business.
  23. Payments. We want money on X to flow as freely as information and conversation. We have already secured first money transmitter licenses in several states, and we are moving toward launching a global payment system – more soon!

This product innovation and business momentum stands on the shoulders of one of the most rigorous corporate restructurings in history. We are rebuilding our team and leadership to reflect the evolving needs of our customers and partners.

And if we can achieve all of this in just 12 months, just imagine the scope of our ambition for next year – from expanded search to newswires to payments, we are just getting started.

To our passionate and growing community and all of the teams, partners and customers who have been a part of this transformation, thank you.

One year in, the future of X is bright.

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One year in, the future of X is bright (2024)

FAQs

What is the future for X? ›

Technological Advancements: X is likely to continue evolving technologically, introducing new features and functionalities to enhance user experience and drive engagement.

How is X doing these days? ›

X now averages 251 million daily active users around the world, up a few million from around 247 million in 2023. While that increase is better than a decrease, it's nowhere near the growth Twitter used to enjoy up until very recently.

What is X now days? ›

X is now a place where everyone can freely express themselves, so long as they do so within the bounds of the law. We believe open and respectful discourse is the single best way for humanity to thrive.

How successful is X Twitter? ›

X has 550 monthly active users - In March 2023, Elon claimed that X had reached a new milestone of 500 million monthly users, then in October 2023, it reported the exact same figure for MAU. It's now added an extra 50 million, seemingly between October and now, which is equivalent to 10 million new users per month.

Is X doing well financially? ›

X's revenue has plunged

However, these new documents make it official: According to X, the company's revenue has plummeted since Musk took over. In the first six months of 2023 — the first full year in which Musk controlled the company — X's revenue fell by nearly 40 percent from the same period the prior year.

What is X going to be? ›

X, the social media site formerly known as Twitter, announced it would begin rolling out a peer-to-peer payment service similar to Venmo or PayPal this year—a feature the social media site's billionaire owner Elon Musk has long pushed as part of his plan to develop an “everything app.”

Is X growing or shrinking? ›

SimilarWeb has reported that X has seen a 14% decline in mobile and web visits since September 2022. AppAnnie's 2023 “State of Mobile” report found that X's monthly active user count declined significantly between 2022 and 2023. Last month, Sensor Tower reported that X usage has declined 18% year-over-year.

How many active users does X have in 2024? ›

According to X/Twitter owner (Elon Musk), Twitter had 600 million monthly active users across the world in May 2024. According to an announcement by X/Twitter CEO (Linda Yaccarino), X/Twitter has over 500 million monthly active users worldwide.

Is X making a profit? ›

While X's owner and CEO continuously promote claims of surging popularity, and “record high” usage of the app, it seems that the transition to X has not been a financial winner for the platform, and may still spell the end for Elon Musk's social media experiment.

How fast is X growing? ›

X's daily active user growth has plummeted from roughly 30% annually just a few years ago in 2020 to less than 2% in 2024, according to new data from X reported by the Financial Times. In the past year, X only saw 1.6% daily active user growth and has roughly 251 million daily active users, according to the report.

How many people are on X? ›

X User Statistics

As of 2023, there are approximately 556 million active monthly users on X. As of April 2024, X receives around 6.1 billion visits per month.

Is X growing in users? ›

X, formerly known as Twitter, has stagnated when it comes to user growth ever since Musk acquired the company. According to a new report from the Financial Times, X has around 251 global daily active users as of the second quarter of 2024.

How much money is X losing? ›

Musk completed his $44 billion Twitter purchase in October 2022. The docs obtained by Bloomberg also show X lost $456 million in the first quarter of 2023.

Who owns X? ›

X Corp. is an American technology company established by Elon Musk in 2023 as the successor to Twitter, Inc. It is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk.

How is X performing? ›

For example, in Q2 2022, X's last report before it moved into private ownership, X brought in $1.18 billion for the period, with $1.08 billion coming from ads, and the remaining $100 million coming from subs/data sales.

What is Elon going to do with X? ›

In 2023, X.com is back, intended as a replacement for Twitter with an even grander mission. “In the months to come, we will add comprehensive communications and the ability to conduct your entire financial world,” Musk wrote on the social network he now owns.

What is the future of X stock? ›

X Stock 12 Month Forecast

Based on 4 Wall Street analysts offering 12 month price targets for United States Steel in the last 3 months. The average price target is $45.25 with a high forecast of $48.00 and a low forecast of $43.00. The average price target represents a 17.35% change from the last price of $38.56.

What is the future of X prediction? ›

According to our current X price prediction, the price of X is predicted to rise by 228.51% and reach $ 0.0₆8116 by August 9, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 29 (Fear).

What changes are coming to X? ›

Popular social media platform X may soon get a bit more expensive. Elon Musk, who acquired Twitter in 2022 and later changed the name of the social media platform to X, is planning a major change that will require new users on X to shell out some cash to post on the platform.

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