The X platform – formerly Twitter – is witnessing a decline in the number of daily active users on the platform, according to official statements made by Linda Yacarino, who serves as the platform’s CEO.
Yakarino said the number of daily active users of the platform currently stands at 225 million, down 11.6 percent from the period before Elon Musk acquired the platform.
Musk had posted several tweets on his personal account in November in which he referred to the number of daily users of the platform, which reached 254 million at the time before the deal was completed.
According to other official figures released by the platform, the daily number of users is estimated at more than 245 million, which means a decrease of 3.7% compared to the previous Musk acquisition of the platform.
More broadly, Yacarino said the number of X-platform monthly users reached a record 550 million active users, compared to 541 million in the middle of this year.
Yacarino noted that engagement figures and time spent by users in the communities feature are on the rise compared to previous months.
Communities in X are similar to Facebook’s Groups feature.
The X platform is witnessing major challenges, including declining advertisers and revenue from advertising, the presence of competing platforms such as Meta’s newly launched Threads, as a competing platform derived from Instagram, in addition to sharp criticism of the platform itself under Musk’s leadership.