Twitter’s major customers are putting up a lot less because Musk takeover past 12 months, Pew Study exhibits

Twitter’s major customers are putting up a lot less because Musk takeover past 12 months, Pew Study exhibits


Twitter CEO Elon Musk introduced modifications to the platform’s immediate messages characteristic which includes the introduction of encryption.

STR | Nurphoto | Getty Images

Twitter’s energy end users are nonetheless coming to the app, but less are submitting on it considering that Elon Musk’s acquisition late very last year, according to a study from Pew Analysis Heart.

“The Center’s new evaluation of actual actions on the web site finds that the most energetic end users right before Musk’s acquisition – described as the leading 20% by tweet volume – have found a apparent submitting decrease in the months after,” the survey’s authors wrote on Wednesday. “These users’ regular selection of tweets per month declined by all-around 25% next the acquisition.”

Also, about six in 10 U.S. older people who have utilised Twitter in the earlier 12 months explained they’ve a short while ago taken breaks from the assistance, and a quarter of the team indicated they will not use Twitter a yr from now, the study reported.

The new info underscore the problems going through Twitter’s incoming CEO, Linda Yaccarino, who will exchange Musk. She’ll be getting above the ailing social media support, which has shed a variety of advertisers more than the past number of months on worries that racist and otherwise inappropriate written content has flourished given that Musk’s takeover.

Yaccarino, who recently resigned from her position as NBCUniversal world advertising main, will have to have to fix relationships with Twitter’s advertisers and get a grasp on material moderation. Musk has slashed the company’s workforce by about 80% to roughly 1,500 staff members, finding rid of some persons that he should’ve saved, he acknowledged in an interview with CNBC on Tuesday.

“Desperate moments connect with for desperate steps,” Musk reported. “So there’s no issue that some of the people who had been allow go in all probability shouldn’t have been let go.”

The Pew study also confirmed most of Twitter’s information is created by a smaller group of energy buyers.

“Considering the fact that Musk’s acquisition, 20% of U.S. grown ups on the internet site have developed 98% of all tweets by this group,” the survey said.

Upon request for remark, Twitter responded with its now customary poop emoji.

Check out: Elon Musk on Twitter’s new CEO



Source

Elon Musk’s 2018 Tesla pay package must be restored, Delaware Supreme Court rules
Technology

Elon Musk’s 2018 Tesla pay package must be restored, Delaware Supreme Court rules

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk’s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. “We reverse […]

Read More
Cramer says Boeing is a buy here — plus, Wells Fargo and bank stocks keep rolling
Technology

Cramer says Boeing is a buy here — plus, Wells Fargo and bank stocks keep rolling

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks were higher Friday, led by a rebound in Big Tech as the AI trade attempted to regain momentum. Nvidia stock jumped nearly 3% after Bernstein noted it is […]

Read More
Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Technology

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]

Read More