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10% of Twitter Users Responsible for 50% of the company’s Revenue

A report has shown that only ten percent of active Twitter users are responsible for about 50 percent of the company’s revenue.

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Ahead of the final acquisition of Twitter by the world’s richest man, Elon Musk, a report by Reuter has shown that only ten percent of active Twitter users are responsible for about 50 percent of the company’s revenue.

The 10 percent otherwise called “heavy tweeters” accounts for more than 90 percent of all tweets. According to the report, a heavy tweeter is classified as someone who accesses twitter six or seven days a week and tweets about three to four times a week. 

The report added that the number of heavy tweeters has been on the decline since the beginning of Covid 19 pandemic. Coincidentally, this period witnessed the rise of other social content platforms such as TikTok and Instagram.

Investors King understands that many celebrities have migrated to TikTok and Instagram which are better designed for image and video content.

“Twitter is losing a “devastating” percentage of heavy users who are interested in fashion or celebrities such as the Kardashian family. These users are likely decamping to rival platforms like Instagram and TikTok,” the report read. 

Similarly, there has been a drastic change in users’ interest. Before now, liberal politics, breaking news, sport and entertainment constituted the most popular trends on the Twitter platform. According to the report, the narration has however changed to cryptocurrency and pornography. 

The report found both cryptocurrency and nudity as the highest-growing content among English-speaking users of Twitter. Adult content constitutes 13 percent of all the content on Twitter, Reuter stated.

It would be recalled that interest in politics on the Twitter platform rose astronomically during the last national election in the United States. Dramatic events such as the attack on the U.S capitol which led to the suspension of Donald Trump’s Twitter handle were majorly responsible for the spike. 

Meanwhile, Twitter’s Q4 report shows that the company earns more revenue from advertisements in the United States alone than all other markets combined. This was contained in a letter sent to its investors.

Going forward, as Tesla CEO and World’s Richest Man, Elon Musk is due to take over the ownership of Twitter, he has disclosed how he will turn the fortune of the microblogging platform around by bringing back the Former United States President, Donald Trump who has large active followers on Twitter. He also intends to further commercialise the platform by introducing a number of measures. 

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Elon Musk Envisions X as the Future of Your Financial Life

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Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.

Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.

X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.

Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”

This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.

The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.

However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.

The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.

As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.

The world watches with bated breath to see if Musk’s bold vision will become a reality.

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WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts

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WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.

This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.

The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.

Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.

This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.

Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.

Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.

WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.

In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.

This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.

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X Takes on Bots: New Zealand and Philippines Users Pay $1 Subscription

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X, formerly known as Twitter, has embarked on a bold initiative to combat the growing menace of bots and spammers on its platform.

The company, now owned by Elon Musk, recently rolled out a new subscription plan in New Zealand and the Philippines, requiring new users to pay a mere US$1 per year for access to essential functions like tweeting, replying, retweeting, and liking.

The move, dubbed ‘Not A Bot,’ is designed to fortify X’s ongoing efforts to curb spam, manipulation, and bot activity. New users in these countries must first verify their phone numbers and then pay the nominal fee to post, like, reply, repost, quote posts, and bookmark.

Those who opt out of subscribing will be restricted to “read-only” actions, such as reading posts, watching videos, and following accounts.

Elon Musk, who has been at the helm of X, explained the rationale behind this strategy. Bots, he noted, are inexpensive to set up, costing only a fraction of a penny.

By imposing a nominal fee, X aims to deter bot operators and make it more challenging for them to create multiple accounts.

This move is a part of Musk’s broader vision for transforming X into an all-encompassing app, including payment services.

Musk has been exploring alternative revenue sources as ad revenue declined by 60% due to advertiser boycotts and concerns over content management.

As the ‘Not A Bot’ program unfolds, it holds the potential to revolutionize the fight against bots and spammers, making social media a safer and more authentic space for users. X is eager to assess the program’s effectiveness and may consider expanding it to all users in the future.

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