Social Media Means
Social Media Means
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More than 30 million users are expected to leave Twitter over the next two years as concerns mount over technical issues and the proliferation of offensive content after Elon Musk's $44bn takeover, according to a forecast.
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What is Social Media? Social media refers to the means of interactions among people in which they create, share, and/or exchange information and...
Read More »The number of global monthly users is predicted to fall by nearly 4% next year and 5% in 2024 – more than 32 million in total – in the first annual declines forecast by the market research agency Insider Intelligence since it began tracking the social media platform in 2008. “There won’t be one catastrophic event that ends Twitter,” a principal analyst at Insider Intelligence, Jasmine Enberg, said. “Instead, users will start to leave the platform next year as they grow frustrated with technical issues and the proliferation of hateful or other unsavoury content. Its report anticipates that Twitter will lose more users in the US, its biggest market, than any other country, with numbers declining 8.2 million over the next two years. By the end of 2024, US user numbers are forecast to fall to 50.5 million, the lowest level since 2014, as the Twitter becomes “more unstable, and less pleasant”. In the UK, Twitter will lose about 1.6 million users over the next two years, to a base of 12.6 million, Insider Intelligence said. It predicts that while disillusioned users leaving the platform will occur across all age demographics, the biggest concentration of departers will come from the under-25 and over-45 age groups, which “aren’t as loyal and are less willing to tolerate a degrading experience”. Sign up to Business Today Free daily newsletter Get set for the working day – we'll point you to the all the business news and analysis you need every morning Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy . We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply. The unpopularity of the takeover by Musk, who has fired thousands of employees and told those remaining they had to work long hours at high intensity, was summed up when the world’s richest man received a 10-minute chorus of booing from a crowd of 18,000 when he joined the comedian Dave Chappelle on stage in San Francisco on Sunday night.
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