Elon Musk's X Faces Stagnant User Growth Amid Rising Competition from Meta's Threads

X's daily active user count has plateaued since Musk's takeover, while Threads rapidly gains traction with its integration into Instagram.

X's daily active users increased by just 1.6% in the past year, reaching 251 million in Q2 2024.
Meta's Threads achieved 175 million monthly active users within its first year, leveraging Instagram for rapid growth.
X's valuation has plummeted, losing 71.5% of its value since Musk's acquisition.
Advertisers have left X due to Musk's content moderation policies and controversial statements.
Threads aims to differentiate itself by focusing on less polarizing content and robust content moderation.