Finance

Is Elon Musk's X on the Brink of Collapse? Users are Flocking to Threads and Bluesky in Droves!

2024-11-15

Author: Ting

In a surprising shift in the social media landscape, high-profile personalities and everyday users alike are abandoning Elon Musk's X (formerly Twitter) in favor of competing platforms like Threads and Bluesky. Jody Avrigan, a podcast host with a substantial following of 50,000 on X, recently declared on Threads that he was done with X, citing Musk as “a pretty destructive force in our society and politics.” Similarly, MSNBC anchor Nicole Wallace, who boasts over 1 million followers on X, announced on live television that she had deleted her account “as an act of self-preservation.”

Even horror author Stephen King, known for his significant presence on X with 7 million followers, has made the leap to Threads, revealing that the site had become “too toxic” for him to remain engaged. Fans of humor on social media also voiced their frustration, with Tee Wattress lamenting a 15-year journey of sharing comedic content that has turned into a “hellscape.”

The statistics paint a concerning picture for X. Following its acquisition by Musk in 2022, the platform's daily user count has taken a nosedive. From a peak of roughly 250 million daily active users, it plummeted after the recent election to just 162 million, a number that has since dropped further. Sensor Tower, a market intelligence firm, revealed that under Musk's ownership, X has witnessed an alarming average monthly user loss of 14%. Such a trend raises the question: is this the beginning of the end for X as the dominant social media player?

Musk's controversial moves since taking control—such as significantly cutting down on content moderation staff, and reintroducing extremist figures—have left many users disillusioned. Reports suggest that the algorithm is now skewed to favor inflammatory content while amplifying pro-Trump rhetoric, driving many away from what they once enjoyed. The platform has transformed into an environment that many no longer find fun or useful.

The migration of users from X seems increasingly inevitable, with alternative platforms like Threads (owned by Meta) and Bluesky (founded by former Twitter CEO Jack Dorsey) gaining traction. These newer services are now competing fiercely for daily downloads, swiftly displacing X from its former throne. In fact, Threads and Bluesky have reportedly seen user growth rates skyrocket, with Threads boasting 275 million monthly active users and witnessing an impressive 394% year-over-year growth.

In an era where social media experiences fragmentation rather than consolidation, many users express a desire to diversify their online presence. Popular personalities and journalists, long staples of the X ecosystem, are opting to post content across multiple platforms, attempting to maximize their reach. This dispersion of users signifies that each platform might reveal a unique perspective and community, further eroding the concept of a singular social media giant.

Notably, the recent call-to-action for users to “Delete X” surged, with Google searches for the term rising by 150% following the election. The Guardian has even made headlines this week, deciding to abandon its 80 official X accounts due to the proliferation of “disturbing content” on the platform.

While there is some indication of new user engagement on X—17% more registrations in October—it is insufficient to counterbalance the mass exodus. The casual observers note that discussions surrounding other platforms like Bluesky have intensified; it welcomed nearly 1 million new users following the recent electoral event. Meanwhile, established players like TikTok and Instagram are also enjoying continued growth.

In essence, users are not just migrating; they are seeking solutions that align better with their needs for safe and enjoyable online engagement. The notion of a singular dominant platform appears to be fading, with experts like Jonathan Bellack of Harvard’s Applied Social Media Lab suggesting that the fragmentation of social media will ultimately yield a richer tapestry of digital communication.

Could this shift away from X be paving the way for a new chapter in online interaction? As users reclaim their social media experience, one thing is clear: the future landscape is likely to be multi-faceted, with varying platforms catering to different communities, interests, and ideologies. Welcome to the era of social media fragmentation!