Elon Musk Becomes First Person to Reach 200 Million Followers on X

Elong Musk, a tech billionaire, has become the first person to reach 200 million followers on X social media platform he bought last October for a whopping $44 billion.

Currently, an owner of the X social media platform is followed by former US President Barack Obama at 131.9 million followers and renowned footballer Cristiano Ronaldo at 113.2 million followers, respectively, as of October 3.

Popular singer Justin Bieber holds fourth position at 110.3 million followers and Rihanna is on the fifth spot at 108.4 million followers.

Indian Prime Minister Narendra Modi recently crossed the 100 million mark in the world, which was hailed by Musk, and has 102.4 million followers as of now.

Musk recently claimed that X currently carries over 600 million monthly active users, while around 300 million are daily active users.

There have been other reports recently stating that most of Musk's followers "are fake and the count is bloated by millions of new, inactive accounts." However, it has not been established if this is true.

As per the owner of Tesla and SpaceX, X social media platform has been turned out to be a group chat for Earth with maximum traffic coming in from every nook and corner of the world. "X is the group chat for Earth," Musk had posted.

The tech billionaire wants it to be an "everything app" where people can post movies and TV shows besides making digital payments. Musk also claimed that X usage in the US has reached an all-time high.

Fidelity trimmed the value of its holding in Musk-run X (formerly Twitter) by an enormous 78.7 percent earlier this week, implying that the X social media platform is valued at just $9.4 billion.

According to asset manager, the X's value is already cut down to less than a quarter of $44 billion from its purchase price that the firm had put at the end of August, reports TechCrunch, citing firm's filings. Fidelity, X, or Musk did not comment on the report via regulatory disclosures.