Elon Musk says x-growth is ‘stagnant’, revenue is ‘unimpressing’ in leaked e-mail to staff

On By Littum

X-owner Elon Musk said the growth of his platform is “stagnant” and the turnover is “unimpressing” in a January email to the staff reported by Wall Street Journal On Friday.

“And we hardly break,” he added about the economy on social media.

Musk, who also runs SpaceX and Tesla, bought the platform, then known as Twitter, for $ 44 billion at the end of 2022. But the company has seen its valuation fall since then when Fidelity rated it at $ 12.32 billion – or 72 % less than what Musk paid for that – Last month.

Still, X is still an important platform for the latest news. While they lost some users to rivals like Bluesky and Threads After the presidential election in 2024, after Musk publicly and financially supported Donald Trump, X offset these losses with new users. A few weeks after the election, X 25 million daily users in the United States, according to data provided by the Sensor Tower, had a market -cutting company.

Other companies have shown that X’s monthly user base has fallen since Musk bought the platform. In the United States, x 73.5 million monthly users, according to data from Similarweb, had shared CNN last month – a decrease of 20% from when Musk acquired it. However, an accurate number on X’s user base is difficult to find as the company is no longer public and has stopped reporting quarterly user numbers.

Musk pointed in the email obtained by WSJ on other platforms that recently copied x When it comes to censoring less content. Most notably, Meta said it would end its third party’s fact check in favor of a system similar to X’s Community Notes feature, which allows users to add context to posts that may be misleading or false.

“Over the past few months, we have witnessed X’s power to shape national conversations and results,” Musk wrote in his email. “We also see that other platforms are beginning to adopt our commitment to freedom of expression and objective truth.”

The post Elon Musk says x-growth is ‘stagnant’, revenue is ‘unimpressing’ in leaked e-mail to staff appeared first TheWrap.