Musk vs. Twitter: Rumors of shutdown cause panic, Tumblr thrives with new signups

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Tumblr reaches an all-time high of signups and logins after rumors of Twitter going down circulated online. Instagram and MySpace are also among the top social media with the most signups.

This morning, the hashtag #RIPTwitter trended worldwide as users found alternate platforms to keep up with their followers and friends. Elon Musk, the new owner of Twitter claims the app saw an all-time high usage after the rumors of its closing went around.

Twitter, especially the non-crypto community has had extreme views about Musk taking over. Ever since the billionaire bought the bird app, many speculations of it shutting down circulated around seeing the changing policies. 

Recently, Musk issued a statement to its employees informing them that the leadership will be implementing “extremely hardcore Twitter 2.0” and they had to sign an online form until Thursday, 5 pm ET. 

As a result, hundreds of employees slammed down their resignation letters on the deadline day bidding Twitter goodbye on the platform. Later, the company announced it is shutting down buildings temporarily and revoking badge access from employees. This caught a lot of attention from the users because a huge amount of workers leaving shows a clear sign that the social media app isn’t doing well. 

A rumor began to circulate that Twitter will be shutting down by tonight or soon. People started flooding their alternate accounts on Instagram, MySpace, or Tumblr. Seems like Musk will have a hard time managing users in case the majority of users shift towards these apps. 

In response to seeing the users panicking, Musk seems quite calm about the situation. Whether he’s used to watching the bird app panic or he’s positive about Twitter working well despite the IT teams leaving and buildings shutting down “temporarily.” 

Following his non-serious tweets and memes, Twitter users seem angry about his leadership taking over. Musk seems to have become the new real enemy of social media after Mark Zuckerberg. 

To cater to the rumors, the Twitter team came up to inform users that the app won’t be shutting down at all, it’s going to halt for some time. However, this is enough to hint that the company isn’t doing quite well. 

Final words

It’s truly alarming to see the majority of employees leaving all at once. Not only will this damage the reputation of Twitter but also lose the trust of rational sponsors and advertisers who have been with the app for almost a decade. 

Nonetheless, the crypto community and Musk’s supporters are excited to see what the new Twitter 2.0 would look like in the coming months, but first, the app needs to hire more employees to keep the platform running. 

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