It was updated on Nov 27.
On Saturday, Musk said new user sign ups, user activity, and daily active users were at an all-time high, while promising the addition of a number of new features despite concerns about a rise in hate speech and misinformation on the platform.
According to CEO Musk, the daily active user base has crossed the 250 million mark.
According to Musk, over 2 million new users signed up on the platform in the past week, a new high.
Monetizable daily active users on the platform have crossed 250 million for the first time, according to Musk.
After the launch of paid verification, there was a spike in the number of fake accounts on the platform, however, it is not clear if this is because of improved ability to take down such accounts or the decision to stop the service.
Hate speech impressions on the platform are lower than a year ago, according to the CEO.
The rest of Musk's presentation talks about how he wants to turn Twitter into an "everything app" with new features like video sharing and payments.
According to Musk, a path to reach a billion monthly users in 12 to 18 months would put it on par with TikTok, but it would still be a long way from being a billion-member service.
The primary issue of fleeing advertisers remains unresolved even as Musk trumpets the rise in new sign ups. Advertisers are not likely to return to the platform if there are still concerns about moderation on the platform. The issue could be further complicated by the fact that several controversial accounts are back on the platform. The platform's ability to crack down on fakes is yet to be tested. The social networking site is expected to be re-launched on December 2.
There is a new color-coded verification scheme that will be launched next week.
Here are the reasons why the most controversial users were removed and who is already back.
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