Is X Really Seeing a Mass Exodus of Users Post-Election? [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
There's been a lot of discussion post-election about a “mass exodus” of users from X, with reportedly record numbers of people deactivating their X accounts. But is that true? Is X really losing millions of users everyday, putting it on a fast track to irrelevance? Well, maybe. The truth is, nobody knows, other than those working for X, and they're not likely to be sharing any bad news about the app. And they don't have to, because X is no longer a publicly listed company, as Twitter had been, which means that it's under no obligation to share anything about its performance, at least not to the general public. And while there are some external indicators that X is losing audience, they're not definitive, and you'd be taking a fairly big leap to presume that they mean that X is on the way out. Because it's likely not, at least not yet. For example, one of the most quoted reports on X usage has been this one from Similarweb , which shows that more than 115,000 U.S. web visi
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News
- X sees largest user exodus since Elon Musk takeover [MSNBC.com]MSNBC.com
- Similarweb Ltd. (NYSE: SMWB) had its price target raised by analysts at Needham & Company LLC from $11.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- After Trump's win, Mark Cuban deleted all his pro-Harris X posts and is taking a political hiatus on the ‘less hateful' BlueSky [Yahoo! Finance]Yahoo! Finance
- After Trump's win, Mark Cuban deleted all his pro-Harris X posts and is taking a political hiatus on the ‘less hateful' BlueSky [Fortune]Fortune
- X sees largest user exodus since Musk takeover [MSNBC.com]MSNBC.com
SMWB
Earnings
- 11/12/24 - Beat
SMWB
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 144
- 9/18/24 - Form 6-K
- SMWB's page on the SEC website