X (Twitter), which was said to go bankrupt after being acquired by Elon Musk and faced many competitors, broke a new record. According to the Google Search report, X has surpassed Instagram and Facebook in terms of traffic. CEO Musk did not neglect to celebrate this.
Elon Musk: I think X is not dead yet
The social media platform known as Twitter but now called X may be experiencing its best period after Musk. According to Google 640.6 million visitors took. Thus, it became the most visited social media site, surpassing Instagram and Facebook.
In second place, Instagram hosted 548.3 million and Facebook hosted 491.7 million visitors. Citing traffic figures, Elon Musk did not forget to praise the X’s performance. Tweeting “I guess we’re not dead yet,” Musk’s post received more than 350 thousand likes.
This comment by Elon Musk actually targets companies that have withdrawn from the platform recently. Many advertisers who experienced issues with content moderation said they were skeptical about the future of the platform. However, Musk did not remain silent against these brands.
One of the most important sources of income for social platforms is advertising. It is very important for X, which Musk bought for 44 billion dollars, to increase its traffic dominance in order to make a profit. However, advertisers leaving the platform makes this situation difficult.
On the other hand, Elon Musk gave shares to company employees on Monday, October 30. Meanwhile, Musk said that the value of X was $19 billion and the share price was $45. If this claim is true, it means that the platform lost 55 percent of its value after it was sold to the businessman.
So what do you think about Elon Musk and X? You can share your opinions with us in the Comments section below.