X (Twitter), which was rumored to go bankrupt after being acquired by Elon Musk and faced many competitors, broke a new record. According to the Google Search report, X surpassed Instagram and Facebook in terms of traffic. CEO Musk did not neglect to celebrate.
Elon Musk says, “Guess X is not dead yet”
The social media platform known as Twitter, but now called X, may be enjoying its best period since Musk. According to Google, X received 640.6 million visitors in October. This made it the most visited social media site, surpassing Instagram and Facebook.
Instagram and Facebook hosted 548.3 million and 491.7 million visitors, respectively. Quoting the traffic figures, Elon Musk praised X’s performance. “I guess we’re not dead yet,” Musk tweeted, receiving more than 350,000 likes.
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Elon Musk’s comment is actually aimed at companies that have recently pulled off the platform. Many advertisers who have had problems with content management have expressed doubts about the future of the platform. However, Musk did not remain silent against these brands.
Advertising is one of the most important sources of revenue for social platforms. For X, which Musk bought for 44 billion dollars, it is very important to increase its traffic dominance in order to make a profit. However, the exit of advertisers from the platform makes this situation difficult.
On the other hand, Elon Musk gave shares to company employees on Monday, October 30. At the time, Musk said that X was worth $19 billion and the share price was $45. If this claim is true, it means that the platform lost 55 percent of its value after being sold to the businessman.
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