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

  • SEC Chief Accountant Emphasizes Legal Liabilities for Accountants Auditing Crypto Firms

    TL;DR Breakdown SEC Chief Accountant cautions accounting firms about legal liabilities when auditing crypto firms, urging them to avoid misrepresenting reviews as financial statement audits. Accounting firms are advised to exercise independence, consider contractual prohibitions on misleading language, and report any potential misstatements to the Securities Exchange Commission for best practices. Description In a recent statement, Paul Munter, the Chief Accountant of the United States Securities and Exchange Commission (SEC), issued a stern warning to accounting firms regarding their responsibilities when auditing cryptocurrency firms. The rise of the cryptocurrency industry has led to an increasing number of accounting firms engaging with these companies to review certain aspects … Read more In a recent statement, Paul Munter, the Chief Accountant of the United States Securities and Exchange Commission (SEC), issued a stern warning to accounting firms regarding their responsibilities when auditing cryptocurrency firms. The rise of the cryptocurrency industry has led to an increasing number of accounting firms engaging with these companies to review certain aspects of their businesses, often masquerading these reviews as full-fledged financial statement audits. Munter highlighted the…

    Article 2023年7月28日
  • What chances does Musk have of winning the lawsuit against Zuck?

    TL;DR Breakdown Musk accuses Meta of stealing trade secrets for its new app, Threads. Proving trade secret theft is challenging; requires showing ‘reasonable efforts’ of protection. Precedents like Waymo vs Uber indicate these cases often dwindle down and result in settlements. Threads’ success, reaching 70 million users in four days, has ruffled Musk. Description The echoes of an impending legal standoff between the tech titans, Elon Musk and Mark Zuckerberg, are resounding loudly through Silicon Valley. At the epicenter of this colossal fracas lies the contention that Meta Platforms – Zuckerberg’s tech behemoth, has pilfered trade secrets from Twitter, Musk’s latest acquisition. Unfortunately for Musk, the trajectory of this … Read more The echoes of an impending legal standoff between the tech titans, Elon Musk and Mark Zuckerberg, are resounding loudly through Silicon Valley. At the epicenter of this colossal fracas lies the contention that Meta Platforms – Zuckerberg’s tech behemoth, has pilfered trade secrets from Twitter, Musk’s latest acquisition. Unfortunately for Musk, the trajectory of this conflict might not veer in his favor. Here’s why. Uphill battle for trade…

    Article 2023年7月10日
  • Bitcoin gains popularity in Japan as Yen’s volatility escalates

    TL;DR Breakdown Kaiko data shows the share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in Q1 2023. Historical data shows that citizens of nations plagued by inflation have embraced digital assets, and Japanese traders have joined the bandwagon. Trading activity on Japan-focused exchanges has increased faster than in Korean markets and the Coinbase exchange listed on the Nasdaq. The global 4-decade inflation rate is pushing investors to digital assets and natural resources. Description Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in history. The volatility has traders on Japan-focused digital asset exchanges turning … Read more Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in…

    Article 2023年7月21日
  • Indonesia launches a national exchange and clearing house as it steps up crypto regulation

    TL;DR Breakdown Indonesia has taken a significant step in regulating cryptocurrencies by launching its national crypto exchange and clearing house.  The move aims to provide a safe and transparent platform for crypto trading, attract investors, and curb illicit activities associated with digital assets.  With the exchange overseen by the Financial Services Authority (OJK), investor confidence is expected to rise, leading to increased economic growth and opportunities in the fintech sector. Description Indonesia has jumped on the crypto regulation bandwagon. As interest in crypto keeps growing worldwide, governments are trying to figure out how to handle these digital assets well. In this way, Indonesia has made a big step forward by opening its national crypto market and clearing house.  By making a platform for trading cryptos that … Read more Indonesia has jumped on the crypto regulation bandwagon. As interest in crypto keeps growing worldwide, governments are trying to figure out how to handle these digital assets well. In this way, Indonesia has made a big step forward by opening its national crypto market and clearing house.  By making a platform…

    Article 2023年7月22日
  • FBI investigates Kraken co-founder for alleged hacking

    TL;DR Breakdown The FBI conducted a raid in the home of Kraken co-founder Jesse Powell over allegations of hacking and cyberstalking. Kraken continues to face regulatory scrutiny from the SEC. Description The United States Federal Bureau of Investigations (FBI) searched the home belonging to Jesse Powell, co-founder of cryptocurrency exchange Kraken, in March. The search was part of an investigation into allegations that Powell had hacked and cyber-stalked a nonprofit arts group. The FBI raided Powell’s home in March According to sources familiar with the matter, … Read more The United States Federal Bureau of Investigations (FBI) searched the home belonging to Jesse Powell, co-founder of cryptocurrency exchange Kraken, in March. The search was part of an investigation into allegations that Powell had hacked and cyber-stalked a nonprofit arts group. The FBI raided Powell’s home in March According to sources familiar with the matter, Powell is accused by the FBI of interfering with computer accounts associated with Verge Center for the Arts, a nonprofit organization that he founded. The allegations state that Powell blocked access to emails and other messages…

    Article 2023年7月9日
TOP