Home ยป The Commemoration of Elon Musk’s One-Year Anniversary: Acquisition of Twitter Ventures, Now Known as X – Orchestrating Employee Conference to Revise Business Roadmap

The Commemoration of Elon Musk’s One-Year Anniversary: Acquisition of Twitter Ventures, Now Known as X – Orchestrating Employee Conference to Revise Business Roadmap

Twitter, or its original name, X, recently held an all-hands meeting, marking the first time that CEO Linda Yaccarino and owner Elon Musk came together for such an event. The meeting took place at the company’s headquarters in San Francisco, with Yaccarino and Musk traveling from New York and Austin, respectively. The gathering coincided with the one-year anniversary of Musk’s official acquisition of Twitter, a milestone he commemorated by gracing the headquarters with his presence.

Musk announced that employee meetings will now be held quarterly, with the next one utilizing X’s self-developed video platform. Additionally, these meetings will be live-streamed to the public, allowing X users to participate in the discussions.

During the meeting, Yaccarino provided an update on the company’s progress over the past year. In addition to plans for new financial features within the coming year, she shared several intriguing statistics:

– The average daily usage time per person on X has increased to 32 minutes, a result of increased video content.
– X sees over 500 million daily active users and records over 1.5 million new sign-ups per day.
– The top 100 advertisers from the previous year have returned to advertise on X, with 90 of them currently active.
– Nearly $20 million has been paid to creators through the advertising revenue-sharing program.
– The vertical video feature on X attracts more than 100 million daily viewers, with over half of them belonging to the Gen Z demographic.
– Over 200 new features and products have been introduced by X within the past year.

TLDR: Twitter, also known as X, held an all-hands meeting with both CEO Linda Yaccarino and owner Elon Musk present. Musk announced that future meetings will utilize X’s self-developed video platform and be live-streamed to the public. Yaccarino reported positive company progress with increased user engagement and new features.

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