X rival Bluesky gains 1.25 million users following U.S. election [CNBC]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: CNBC
The startup's influx of users underscore how the app has been able to pitch itself as an alternative to rivals X, which is owned by Elon Musk, and Meta's Threads. Bluesky claims 15.2 million total users, a fraction of the user bases of X and Threads. Micro-blogging startup Bluesky has gained over 1.25 million new users in the past week, indicating some social media users are changing their habits following the U.S. presidential election. Bluesky's influx of users underscore how the app has been able to pitch itself as an alternative to rivals X, which is owned by Elon Musk, and Meta's Threads. The bulk of the new users are coming from the U.S., Canada and the United Kingdom, the company said Wednesday. “We're excited to welcome everyone looking for a better social media experience,” Bluesky CEO Jay Graber told CNBC in a statement. Despite the surge of users, Bluesky's total base remains a fraction of its rivals'. The Seattle startup claims 15.2 million total users. Meta CEO
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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
- Is X Really Seeing a Mass Exodus of Users Post-Election? [Yahoo! Finance]Yahoo! Finance
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