Elon Musk predicts 'Twitter 2.0' will have 1 billion users a month by 2024
- 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.
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.
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 Another, which appears to be out-of-date, shows active minutes were also at an all-time high.
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.
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."
Twitter didn't immediately respond to a request for comment by Insider.
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