Recent estimates have revealed that X has approximately 1.3 million paying users, which amounts to merely 0.26% of its global user base. This translates to a significant monthly revenue of about $14.7 million, or an annualized figure of $176.4 million. Despite these numbers seeming substantial, it only represents around 6% of the company's overall revenue, raising questions about the long-term sustainability and profitability of the platform amidst a rapidly evolving digital landscape.
Bluesky's surge in user growth comes after a recent controversial change in X's blocking feature, prompting many users to seek alternative social networking platforms.
