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Stock impact report

Bluesky user count hits 20 million and continues to grow: What to know about the platform [USA TODAY]

Similarweb Ltd. Ordinary Shares (SMWB) 
Company Research Source: USA TODAY
When Musk originally purchased Twitter for $44 billion in October 2022 and sought to overhaul the platform to fit his " free speech absolutist " vision, several platforms old and new vied to become the landing place for people looking to leave the site. Mastodon and Instagram's Threads were some of the original top contenders in the race, but none have been able to secure the position as X's top competition. Changes to the platform rolled out during Musk's tenure include neutering the block feature and making verification a payable subscription . The CEO has also been increasingly vocal in support of right wing issues and President-elect Donald Trump. And some users deride the content on the platform, specifically the prevalence of dis- and misinformation conspiracy theories, harassment and abuse , a sharp rise in hate speech, and the platforming of Nazi and hate groups Election Day appeared to be the last straw for many who were turned off by Musk's support of Trump or the polit Show less Read more
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