Maye Musk Is A 'Proud Mom' As Son's X Platform Scores A Win Over Mark Zuckerberg's Instagram And Facebook: Elon Musk Says 'There Is Still Limited Understanding…'
Portfolio Pulse from Ananya Gairola
Elon Musk announced that his social media platform X has surpassed Meta Platforms Inc.'s Facebook and Instagram in terms of traffic, according to Similarweb data. X recorded 13.14 billion views in June, surpassing Facebook's 12.44 billion and Instagram's 5.798 billion. X also had nearly three times the number of unique visitors compared to Facebook.
August 01, 2024 | 4:57 am
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Meta Platforms Inc.'s Facebook and Instagram were surpassed by Elon Musk's X in terms of traffic and unique visitors in June, according to Similarweb data.
The news indicates that X has gained significant traction, surpassing Facebook and Instagram in traffic and unique visitors. This could negatively impact Meta's stock in the short term as it suggests a shift in user engagement away from Meta's platforms.
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