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

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Elon Musk predicts 'Twitter 2.0' will have 1 billion users a month by 2024
Elon Musk listed the features Twitter 2.0 will have in a tweet on Saturday.Maja Hitij/Getty Images
  • Elon Musk said the number of users signing up to Twitter was at a record high.
  • By 2024, he predicted that the social media platform would have a billion users a month.
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Elon Musk has predicted that Twitter will have more than a billion users a month by 2024 as he continued to implement changes to the platform.

In a Saturday tweet, the new owner shared slides from his "Twitter company talk" listing features he plans to include in "Twitter 2.0" – a term he's using to refer to his vision of the social media app.

Responding to a user who quote-tweeted him saying "This what failure looks like to the left," Musk said: "I think I see a path to Twitter exceeding a billion monthly users in 12 to 18 months."

Twitter had 238 million users in the second quarter of this year, a spokesperson told Reuters last month.

One of the graphs the Tesla and SpaceX CEO shared showed signups were at a record high. Another, which appears to be out-of-date, shows active minutes were also at an all-time high.

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However, Insider has seen data gathered by Global Wireless Solutions, a consulting firm, about Twitter usage based on the smartphone usage of 200,000 Americans.

It found that the number of daily sessions on Twitter between October 28 to November 19 was 3% lower than the period between October 2 and October 27, the day Musk took over.

Elon Musk predicts 'Twitter 2.0' will have 1 billion users a month by 2024
Number of daily Twitter sessionsGlobal Wireless Solutions

A recent internal report leaked to Reuters showed that Twitter was shedding its most active users, or "heavy tweeters." While they account for less than 10% of overall monthly users, they accounted for 90% of all tweets and half of the company's global revenue.

The document said a "heavy tweeter" logged in six to seven times a day and tweeted three to four times a week, Reuters reported.

Musk said in a tweet in April that some of the most-followed Twitter accounts, such as Barack Obama and Justin Bieber, rarely tweeted and "post very little content."

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Another slide that Musk shared stated that Twitter was now recruiting after mass layoffs and resignations.

Twitter didn't immediately respond to a request for comment by Insider.

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