Twitter has achieved 237.8 million users, which is a huge increase during the contentious Elon Musk acquisition while reporting a $270 million net loss in the second quarter (Q2) of this year. The micro-blogging network, which is engaged in a dispute with the CEO of Tesla over the prevalence of bots and spam accounts on its platform, said that it currently has 237.8 million monetizable daily active users (mDAU), an increase of 16.6 percent from Q2 of the previous year.
The business stated late on Friday that “the growth was driven by continuous product enhancements and worldwide debate surrounding current events.” The average US mDAU for Q2 was 41.5 million, up 14.7 percent from Q2 of the previous year. According to the business, “Average worldwide mDAU was 196.3 million for Q2, up 17.0 percent compared to Q2 of the preceding year.”
mDAU is defined by Twitter as “people, organizations, or other accounts that signed in or were otherwise authenticated and visited Twitter on any given day via twitter.com, Twitter apps that are able to display advertisements, or paid Twitter products, including subscriptions.”
The microblogging site said that it is banning more than 1 million spam accounts per day after Musk canceled the $44 billion Twitter takeover agreement.
The one million number includes accounts that are rejected when they try to sign up for the site and are therefore never included in the daily user count. The updated amount was doubled in the new figure.
In May, Agrawal claimed that 500,000 spam accounts were being suspended every day. Since 2014, Twitter has regularly indicated in its quarterly reports that it believes the issue with spam accounts only accounts for 5% of its daily active users—a number Musk never accepted.
A US judge has now ordered that the trial in the Musk-Twitter dispute begin in October. The experiment will last five days, which is longer than Twitter requested but less time than Musk proposed. The precise dates are yet to be determined. In the midst of a legal dispute with Elon Musk, the number of Twitter users has risen to 238 million.