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Elon Musk said on Friday that monthly users of social media platform X, formerly known as Twitter, reached a “new high” and shared a graph that showed the latest count as over 540 million. Musk’s post on X about the user figures comes as the company goes through organisational changes and looks to boost advertising revenue which has dropped in the recent month. It is also the latest in a series of comments from X’s executives claiming strong traction in usage, after Meta Platforms launched a direct competing platform called Threads on July 5. Twitter had 229 million monthly active…

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