San Francisco, Dec 8 (SocialNews.XYZ) Elon Musk-run X CEO Linda Yaccarino has said that over 10 million people have signed up for X so far in December.
"More than 10 million people have signed up for X so far this December!" she posted on Thursday. This comes after reports speculated that X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pulled out their marketing campaigns after the tech billionaire endorsed an anti-Semitic conspiracy theory last month.
According to the internal documents seen by The New York Times this week, over 200 ad units of companies like Airbnb, Amazon, Coca-Cola, Microsoft, and others have halted or are considering pausing their ads on X.
Last week, retail giant Walmart confirmed that it is not advertising on X. In October, data found that X lost over half a billion user visits in September, and the platform dropped to seventh place on the global ranking, behind Instagram.
In September, X's traffic dropped from 6.4 billion to 5.8 billion, a loss of 10 per cent, according to new SimilarWeb data.
Of the 176 countries that visited X in September, 83 per cent saw a month-on-month decline in visits. Musk recently stunned the world when he told advertisers to "go f*** yourself" after some top companies pulled advertising on his platform over his endorsement of anti-Semitism.
However, he later apologised for what he called his "dumbest" social media post to date.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
