Bluesky is growing so fast it's racing to get hold of more servers, its chief operating officer says [Business Insider]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Business Insider
Its growth follows users leaving X, with over 280,000 closing their accounts on Election Day. Bluesky has "blown past" its user growth projections so much that it's racing to get more servers to keep the site running smoothly, the social media platform's chief operating officer has said. Rose Wang told Business Insider that the influx of new users at Bluesky over the past two weeks was "quite unexpected" and that the company's 20-person team has been in "firefighting mode." The social media network has surpassed 21 million users, up from 13 million in October, as X users have left in droves and flocked to the platform. But that level of scaling has come with some growing pains. Bluesky experienced an outage earlier this month, which the company said was due to an external internet provider. To preempt further growth, it has expedited additional server capacity at its data centers. "We have grown by a million users every day for the last eight days, which has blown past ou
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News
- Bluesky finds with growth comes growing pains - and bots [Yahoo! Finance Canada]Yahoo! Finance Canada
- Similarweb Ltd. (NYSE: SMWB) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- FactSet Appoints Barak Eilam to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Santa Believers Spark Bigger Holiday Spending, According to a Survey Commissioned by Slickdeals [Yahoo! Finance]Yahoo! Finance
- Similarweb Ltd. (NYSE: SMWB) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $17.00 price target on the stock.MarketBeat
SMWB
Earnings
- 11/12/24 - Beat
SMWB
Sec Filings
- 12/20/24 - Form 144
- 12/19/24 - Form 144
- 12/18/24 - Form 144
- SMWB's page on the SEC website