Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a world where Facebook-parent Meta Platforms Inc. (NASDAQ:META) reigns supreme with three out of the top five social media platforms in terms of monthly users, curiosity arose when Elon Musk, who acquired Twitter for $44 billion in October 2022, reacted to these stats.
What Happened: The Twitter account World of Statistics recently released a compilation of the “most popular” social media platforms based on their monthly active users, where Facebook claimed the top spot with a staggering 2.99 billion users, closely followed by YouTube, WhatsApp, Instagram and TikTok, owned by ByteDance, rounding up the top five contenders on the list.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
See Also: Mark Zuckerberg Reveals Social Media Feeds Are Now Fueled By AI-Generated Content
Interestingly, Musk’s Twitter was not even in the top 10 but at number 16 with 450 million monthly active users.
The tech billionaire responded to these numbers saying when evaluating social media platforms based on total user hours per month, the microblogging site would emerge as a significantly higher-ranking contender.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Later, Similarweb Ltd. (NYSE:SMWB), a digital intelligence company, also took to Twitter and shared a list of top-performing social media platforms in terms of traffic to their website over the last three months.
YouTube claimed the top spot with a remarkable 32.33 billion visits, followed by Facebook with 16.87 billion. Twitter secured the third position with 6.353 billion visits, followed by Instagram at 6.185 billion.
Netizens were quick to notice that while in terms of monthly active users, Twitter might not rank in the top 10, the microblogging site has a much higher position when it comes to traffic.
Why It’s Important: For the unversed, Mark Zuckerberg-led Meta plans to launch a decentralized text-based social media platform to rival Musk’s Twitter. The upcoming platform was reportedly codenamed “P92,” which now goes by the name “Barcelona.”
Previously, it was also reported that since Musk became the owner of Twitter, fewer users are actively engaging with his posts on the platform. The tech billionaire also reportedly fired a Twitter engineer because he wasn’t happy about the impressions on his own tweets.
Check out more of Benzinga’s Consumer Tech coverage by following this link.
Read Next: Elon Musk’s Twitter Blue Subscriber Base Growth’ Hasn’t Even Doubled’ Month After Relaunch
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.