Mastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

TL;DR Breakdown

  • Confusion at Twitter appears to continue after owner Elon Musk introduced limits to the amount of posts users can read in a day.
  • Mastodon, a German Twitter competitor, has witnessed a heavy flow of new users.  At the time of writing, Mastodon reported 324,000 active users.
  • Mastodon insists its user-driven and decentralized in nature.

Description

Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. … Read more

Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people.

Elon Musk shakes up Twitter

Elon Musk has temporarily restricted the number of messages that can be viewed. Musk, Twitter’s CTO and proprietor, stated on Saturday that the move was made to combat “extreme levels of data scraping and system manipulation.”

The CEO of Tesla and SpaceX tweeted that verified accounts would be able to read 10,000 tweets per day, while unverified accounts could read 1,000 tweets per day. Unverified accounts that are newly created will be limited to 500 tweets per day. Musk initially announced more stringent restrictions but altered his mind within hours.

He did not say when the restriction would be removed. The update comes after users reported receiving “Cannot retrieve tweets” error messages.  According to the website Downdetector, which analyses internet outages, thousands of people were unable to access the social media site.

Twitter began blocking content to users who do not have an account on Friday, with Musk stating that “dramatic and immediate action was required due to EXTREME levels of data scraping.”

Data scraping is a process in which data or material is taken from one site and presented on another, frequently without permission. People could previously access information on Twitter without having to sign in. However, in recent months, the site has had technical challenges.

Musk purchased Twitter last October for $44 billion (€40.4 billion) after months of legal struggle. However, in the months following the takeover, Musk, as CEO of the company, received criticism over site management as offensive material began to appear far more frequently on the site, and advertising revenue decreased.

He then developed Twitter Blue, a premium subscription service that displays a blue checkmark to verify persons. The blue tick was originally used to authenticate influential people. However, the symbol’s status has deteriorated since it became paid. 

Mastodon sees exponential growth with 100k+ new active users

Mastodon is a German competitor to Twitter that has a similar tweet-like structure, but it emphasizes that it is user-driven and decentralized. While Twitter is administered by a single company, Mastodon is run by a network of thousands of scattered computer servers and is mostly run by volunteers.

 At the time of writing, Mastodon reported 324,000 active users.

Mastodon adds over 100+k active base users on the back of Twitter’s recent fiascoMastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

Rochko also complimented the Mastodon team for “coming to help with the infrastructure despite it being Sunday” and reposted a number of comments from long-time users and Mastodon engineers, including one post with advice for new users: 

If there was one piece of advice I could give to new Mastodon users who are finding their feeds quiet or boring, it is to follow as many people and hashtags as you can. This is not Twitter; there is no algorithm, it is not going to fill your feed with stuff it thinks you like. You have to curate it yourself. Once you do, though, it’s so much more vibrant and rewarding than Twitter has been for a year.

Courtney Heard

Mastodon has seen an increase in activity since Elon Musk, the owner and former CEO of Twitter, stated that the network would place new limits on the number of posts users can read in a day. Recent data has also revealed an alarming number of fake Twitter accounts in several communities.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Mastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月5日 19:21
Next 2023年7月5日 21:05

Related articles

  • Amazon fuels the future of AI with $100M support for generative startups

    TL;DR Breakdown Amazon Web Services (AWS) has introduced a fund of $100 million to bolster startups focusing on generative AI. Generative AI, like ChatGPT or Midjourney, can create new content instead of classifying data or predicting outcomes.  The AWS Generative AI Innovation Center would connect customers with AWS experts in AI and ML to help them build and launch generative AI products, services, and processes. Description Amazon, the multinational conglomerate known for its technological prowess, has recently announced its ambitious plan to invest $100 million in generative artificial intelligence (AI) startups. This substantial commitment reflects the company’s dedication to driving innovation in the field of AI and fostering the growth of cutting-edge technologies.  Under the umbrella of Amazon Web Services (AWS), … Read more Amazon, the multinational conglomerate known for its technological prowess, has recently announced its ambitious plan to invest $100 million in generative artificial intelligence (AI) startups. This substantial commitment reflects the company’s dedication to driving innovation in the field of AI and fostering the growth of cutting-edge technologies.  Under the umbrella of Amazon Web Services (AWS), the…

    Article 2023年6月26日
  • Uncertainty grips China’s digital economy as Trust Reserve’s core team disappears

    TL;DR Breakdown The Trust Reserve’s core team, formerly the CNHC Group, has suddenly disappeared. The Trust Reserve headquarters in Shanghai have been subjected to a judicial seizure. Trust Reserve had secured $10 million in a Series A+ funding round earlier this year. The skyline of China’s booming digital economy is currently shrouded in uncertainty as reports have emerged about the sudden disappearance of the Trust Reserve’s core team, formerly the CNHC Group. A prominent name in the blockchain realm, Trust Reserve is best known for issuing two major stablecoins, one backed by the Chinese Yuan (CNY) and the other backed by the Hong Kong Dollar (HKD). On May 29, the team vanished abruptly from the radar, sparking concern and raising eyebrows across the crypto community. According to a recent article by PANews, a few relatives of the missing team members have been informed about this unexpected development. When PANews reporters took the initiative to visit Trust Reserve’s headquarters in Shanghai, they were greeted by a stark notice declaring a “judicial seizure.” The implications of this finding have sent ripples through…

    Article 2023年6月4日
  • SEC and Binance.US Engage in Negotiations to Avoid Total Asset Freeze

    TL;DR Breakdown United States District Judge Amy Berman Jackson has instructed the SEC and Binance.US to negotiate a compromise to prevent a total asset freeze. Judge Jackson emphasized the potential consequences of a complete shutdown and expressed optimism about reaching an agreement. In a bid to prevent a potential asset freeze that could have far-reaching consequences for both Binance.US and the digital asset markets, United States District Judge Amy Berman Jackson has ordered the cryptocurrency exchange and the United States Securities and Exchange Commission (SEC) to engage in negotiations. This development follows the SEC’s emergency motion for a temporary restraining order against Binance.US, accusing its CEO, Changpeng “CZ” Zhao, of accessing customer funds.  As the two parties work towards a compromise, Judge Jackson’s involvement offers hope for a resolution that safeguards customer assets while allowing the exchange to continue its operations. With an update on the negotiations scheduled, the outcome of these discussions carries significant implications for the future of Binance.US and the wider crypto industry. Contents hide 1 U.S District Judge Facilitates Negotiations for Compromise Agreement 2 Progress toward…

    Article 2023年6月17日
  • UK passes landmark bill recognizing cryptocurrency as regulated financial activity

    TL;DR Breakdown The UK has officially passed a bill, the Financial Services & Markets Act 2023, that regulates cryptocurrency. The bill, initially focused on stablecoins, now treats all cryptocurrencies as regulated activities after approval from both Houses of Parliament and King Charles. The bill empowers key UK regulatory bodies to enforce rules on the crypto sector, aligning with the government’s aim to become a global crypto hub. Description The United Kingdom has taken a significant step towards embracing the digital economy by passing a bill recognizing cryptocurrency as a regulated financial activity. Approved by King Charles, marking the last formal stage of the bill becoming law, the move signals an important shift in the country’s approach to digital currencies and promises to usher … Read more The United Kingdom has taken a significant step towards embracing the digital economy by passing a bill recognizing cryptocurrency as a regulated financial activity. Approved by King Charles, marking the last formal stage of the bill becoming law, the move signals an important shift in the country’s approach to digital currencies and promises to…

    Article 2023年7月2日
  • PancakeSwap price analysis: CAKE slowly trends towards $1.50 resistance

    TL;DR Breakdown . PancakeSwap price touched the $1.43 mark . CAKE could rise up to $1.5 over the coming 24 hours . Uptrend potential could be invalidated if price falls below $1.3 Description PancakeSwap price analysis shows a meagre uptrend taking place, as price slowly begins to trend upwards. CAKE price reached up to the $1.43 mark over the past 24 hours, in pursuit of the $1.5 resistance. The highest point this month has been set around $1.73, on June 5, when price declined 9 percent to initiate … Read more PancakeSwap price analysis shows a meagre uptrend taking place, as price slowly begins to trend upwards. CAKE price reached up to the $1.43 mark over the past 24 hours, in pursuit of the $1.5 resistance. The highest point this month has been set around $1.73, on June 5, when price declined 9 percent to initiate the current bearish trend. Price over the past 24 hours increased around 1 percent, suggestive of a slow-burning uptrend potentially in place for CAKE. Trading volume for PancakeSwap dropped more than 20 percent over…

    Article 2023年6月21日
TOP