New user signups on Twitter have hit an “all-time high,” the social media platform’s owner, Elon Musk, said in a tweet late on Saturday.
According to slides from a company talk he posted online, new signups averaged over two million per day in the seven days to November 16, up 66% compared to the same week last year.
“I think I see a path to Twitter exceeding a billion monthly users in 12 to 18 months,” Musk said in another tweet early on Sunday.
Twitter has been struggling with what Musk called a “massive drop in revenue” in recent weeks, ever since the billionaire Tesla and SpaceX owner took charge of the platform. He blamed this on the loss of advertisers, who have halted their Twitter campaigns following Musk’s changes to the platform.
Earlier this month, Musk laid off half of Twitter’s workforce, including the teams responsible for communications, content curation, and human rights and AI ethics. This, along with Musk’s earlier decision to charge users for…
