X sees largest user exodus since Musk takeover [MSNBC.com]
Similarweb Ltd. Ordinary Shares (SMWB)
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Source: MSNBC.com
On the day after the election, Nov. 6, X experienced its largest user exodus since Elon Musk bought the platform in 2022. And now, users are flooding to alternative text-based social media apps like Bluesky and Instagram’s Threads.Those numbers appear to be climbing, as users and brands likeThe GuardianDon LemonNBC News spoke to six people who have joined or committed to using Threads and Bluesky in place of X after the election because of Musk. Each of them cited growing issues on X, includingbotsadvertisementsharassmentin meetingsFor Kara Wurtz, a 39-year-old finance director in St. Louis, the day after the election was the “final straw.” After using for “a good eight years,” Wurtz said under Musk’s leadership, the platform, renamed X, “became a place where I wasn’t really getting what I wanted out of it anymore.”“Every time I opened it up, it would throw things at me that put me in a bad mood,” she told NBC News. “I noticed Tuesday night into Wednesday I started to see a lot more
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SMWB
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