X has been hit by stalling user growth, as the social media platform’s owner Elon Musk divides audiences and it faces new competition from the rise of Meta’s rival platform Threads.
In previously unreleased figures, X said its number of global daily active users in the second quarter of this year was 251mn, a rise of 1.6 per cent from the same period the year before.
This contrasts with the double-digit growth experienced in the years leading up to the acquisition by Musk, who took the listed company private for $44bn in October 2022.
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