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Twitter’s global market share grows by 55% in 2022 while Facebook loses 12%

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Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB) rank as the pioneer social media platforms accounting for billions of users globally, with the two companies competing to be the ultimate leader in the space. However, in recent months, both platforms have recorded a fluctuation in the market share, with Twitter appearing to have the upper hand from a growth perspective amid ongoing internal administrative changes. 

In particular, data compiled and calculated by Finbold on November 8 indicates that Twitter’s market share has surged by 55.86% in 2022. On the other hand, Facebook’s share plunged by 11.86% between January and November 2022. The market share value accounts for desktop and mobile devices worldwide. 

A breakdown of the market share indicates that Facebook began the year at 76.85%, the platform’s highest share in 2022, while in November, the value stood at 67.73%. Elsewhere, in January, Twitter had a market share of 7.16%, while as of November, the figure stood at 11.16%.

Twitter hits new levels under Elon Musk

From the data, Facebook remains the dominant social media platform, but Twitter is winning the race to expand its market share. Twitter’s share has spiked in correlation with the company’s acquisition by Tesla (NASDAQ: TSLA) CEO Elon Musk, who has already begun implementing several changes at the company. 

Interestingly, internal reports, also confirmed by Elon Musk, indicate that Twitter’s daily user growth attained an all-time high during the first full week of Musk’s tenure. The performance appears to quell initial fears that Twitter might experience a mass exodus of users with Musk’s takeover. 

Based on the market share data across the year, it can be assumed that Musk has influenced the numbers; for instance, the share spiked around May when the deal was first announced but appeared to plunge after he initially backed out. 

In general, the growing market share is a welcomed development considering that a recent report signaled challenging times for Twitter for losing its most active users. Notably, this factor was among the critical areas of focus for Musk after taking over. In this case, the Tesla boss has proposed changes to the Twitter Blue subscription feature. Under the changes, Twitter has rolled out an option to purchase “verified” blue badge for $7.99 a month to incentivize people to interact more. 

However, Musk’s initial involvement with Twitter has come with objections from some quarters and will test the company’s ability to sustain its market share. For instance, employees had objected to the deal even as Musk initiated layoffs in his first week. At the same time, Musk’s stand on free speech on the platform has been questioned, a factor likely to affect both users and advertisers. 

Impact of Twitter design changes 

Besides the Musk factor and promises to make a change, Twitter’s growth can also be attributed to elements like changing the design. Although the company received criticisms for changing its appearance, the move to have the horizontal navigation menu shift from the top of the screen to the left-hand panel has appeared successful. 

Interestingly, Twitter has previously been scrutinized for attempting to emulate Facebook, especially with the rollout of its stories-like Fleets. However, Twitter resorted to shutting down the feature due to a lack of user interest. 

At the same time, Twitter’s content diversity appears to appeal to most users. Notably, the platform supports cryptocurrencies alongside enabling “not safe for work” (NSFW) such as nudity and pornography. 

Facebook’s dwindling market share 

At the same time, Facebook’s market share has been affected by the growing competition with newer social media platforms like TikTok. In this line, the company is losing both users and advertising revenue to rivals like TikTok. 

Market experts have also accused Facebook of attempting to push users from the platform. Notably, the platform is enticing users from the traditional news feed to reels, a factor that can also hurt its revenues. 

Overall, Facebook has struggled with users over the years, with experts pointing to factors like information overload, privacy concerns, addiction, peer pressure, and the emergence of new platforms. Facebook’s dominant focus on promoting the metaverse has yet to yield results despite the aggressive push by CEO Mark Zuckerberg. 

Finally, Facebook and Twitter’s ability to sustain and grow their market share will depend heavily on how the platforms intend to attract new users amid the rising competition. For example, the competing platforms offer similar features to Facebook, giving users alternatives.

Twitter has managed to stand out, considering that there is no solid option for the Musk-led company. Notably, Twitter has dominated as a uniquely influential site that is fast-moving, text-heavy, conversational, and news-oriented.

The post Twitter’s global market share grows by 55% in 2022 while Facebook loses 12% appeared first on Finbold.

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TronBank Positions Itself as a Yield-Focused DeFi Hub on TRON

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TronBank is emerging as a growing decentralized finance platform within the TRON ecosystem, aiming to combine on-chain banking functions with yield generation tools. As activity across TRON-based DeFi continues to expand, TronBank is positioning itself as an access layer for users seeking passive income, capital efficiency, and simplified interaction with decentralized financial products.

Built on the TRON blockchain, TronBank focuses on speed, low transaction costs, and accessibility—core attributes that have helped TRON remain a popular network for retail-focused DeFi use cases. The platform’s design reflects a broader trend within DeFi toward protocol-level financial services that resemble traditional banking, while remaining non-custodial and transparent.

TronBank’s Role in the TRON DeFi Ecosystem

At its core, TronBank functions as a DeFi banking protocol, offering users tools to deploy capital into yield-generating strategies native to the TRON network. Rather than positioning itself as a single-purpose application, TronBank aims to serve as an integrated financial layer where users can manage assets, earn yield, and interact with DeFi products through a unified interface.

The protocol benefits from TRON’s infrastructure advantages, including fast block times and minimal fees, which reduce friction for frequent on-chain interactions. This makes TronBank particularly suited for users who prefer active yield strategies without the high costs often associated with Ethereum-based DeFi platforms.

Yield Generation and Token Utility

TronBank’s ecosystem revolves around its native token, which plays a central role in governance, incentives, and platform utility. Token holders may benefit from protocol-driven rewards, participation in ecosystem decisions, and potential fee-sharing mechanisms, depending on the platform’s evolving economic model.

Yield opportunities on TronBank are structured to appeal to both conservative users seeking steady returns and more active participants pursuing higher-yield strategies. By focusing on sustainability rather than short-term incentives, the platform appears to be aligning itself with longer-term DeFi participation rather than speculative farming cycles.

This approach reflects a broader shift in DeFi, where protocols are increasingly emphasizing capital efficiency, risk awareness, and predictable returns over aggressive emissions.

Security, Transparency, and User Focus

Security remains a critical factor for DeFi adoption, particularly for platforms positioning themselves as financial infrastructure. TronBank emphasizes on-chain transparency and non-custodial asset control, allowing users to retain ownership of funds while interacting with smart contracts.

While DeFi platforms across the industry continue to face scrutiny over risk management, TronBank’s positioning within the TRON ecosystem may benefit from the network’s established user base and stable transaction environment. As always, users are expected to evaluate smart contract risk independently when engaging with decentralized protocols.

Why TronBank Is Gaining Attention

TronBank’s growing visibility reflects increasing demand for DeFi products tailored to high-throughput, low-cost blockchains. As capital continues to flow into alternative Layer 1 ecosystems, platforms like TronBank stand to benefit from users seeking efficiency without sacrificing functionality.

By framing itself as a decentralized banking layer rather than a single-feature DeFi application, TronBank is tapping into a narrative that resonates with both retail users and yield-focused participants. If adoption continues, the platform could become a notable component of TRON’s broader DeFi landscape.

As decentralized finance matures, protocols that combine usability, cost efficiency, and sustainable incentives are likely to define the next phase of growth. TronBank’s development trajectory suggests it is aiming to be part of that evolution.

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New X Location Feature Triggers Kidnapping Fears and Racism Across the Crypto Community

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The social media platform owned by Elon Musk has implemented a mandatory update revealing the region or country of every user, generating an immediate and negative backlash. This new X location feature, recently activated, has provoked an alarming rise in hate speech and set off alarms regarding the physical safety of investors. Nikita Bier, the company’s Head of Product, defended the measure asserting it is a crucial step to secure the integrity of the “global town square” and verify content authenticity.

 

The update, known as “About This Account,” automatically displays the geographic location based on IP address and other registration data on every user’s profile. Although the company argues this helps combat misinformation and bot activity, the reality for many has been quite different. The tool cannot be fully disabled, forcing users to reveal at least their general region, eliminating a layer of anonymity that many considered vital.

Is transparency endangering the lives of digital investors?

The social impact was instantaneous and toxic. Hundreds of accounts began reporting targeted harassment based on their nationality, with xenophobic insults flooding timelines. Prominent figures in the sector, like 0xMarioNawfal, strongly condemned this trend, noting that mocking people from India, Pakistan, or Nigeria for their origin reveals an unacceptable lack of ethics. This shift has fractured the meritocracy that used to characterize tech discussions, replacing it with harmful regional prejudices.

However, the consequences go beyond verbal insults. In the world of cryptocurrency, where wealth is digital but holders are physical, forced geolocation presents a tangible risk. Security experts warn that this exposure facilitates the work of criminals seeking targets for extortion or kidnapping. By knowing the approximate location of large asset holders, criminals can narrow their search radius, putting individuals who were previously protected by pseudo-anonymity in real danger.

Is sacrificing personal safety worth it to reduce bots?

The digital financial community has reacted with urgency, advising users to change their settings from “country” to “region” to mitigate the precision of the exposed data. The investor known as Beanie warned that this move is “terrible” given current security risks, especially with the recent history of violent incidents targeting crypto holders. The elimination of geographic anonymity weakens the primary defense against malicious actors operating in the physical world.

Looking ahead, the tension between the platform’s vision of transparency and users’ need for privacy seems destined to escalate. While X seeks to clean its ecosystem of fake accounts, it might be unintentionally driving away legitimate and valuable users who prioritize their personal safety. We are likely to see an exodus toward platforms that guarantee greater privacy or the massive use of VPNs to spoof these new mandatory location tags involving blockchain users.

The post New X Location Feature Triggers Kidnapping Fears and Racism Across the Crypto Community appeared first on The Cryptocurrency Post.

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Elon Musk’s AI projects Bitcoin at $120,000 after second Fed rate cut

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Grok, Elon Musk’s artificial intelligence, projects new momentum for Bitcoin and XRP. This forecast comes after the U.S. Federal Reserve (Fed) announced its second consecutive rate cut. The decision seeks to stimulate the slowing economy, moving the federal funds range to 3.75%-4%. Grok’s prediction on Bitcoin and XRP suggests a favorable scenario.

The Federal Reserve approved the rate reduction with a 10-2 majority vote. The objective is clear: to curb the employment slowdown in the country. Historically, this type of expansionary monetary policy benefits risk assets. Immediately after the announcement, Bitcoin showed volatility. It briefly fell to $110,000 but managed a slight recovery above $110,600.

Grok’s prediction on Bitcoin and XRP is not isolated. Market analysts support this optimistic view. Improved global liquidity and rate cuts are key factors. Furthermore, institutional inflows into spot ETFs for Bitcoin continue to be robust. According to data from Farside Investors, these funds hold over $60 billion in assets. Figures like Michael Saylor project Bitcoin between $150,000 and $200,000 by 2025.

How high can BTC and XRP go according to artificial intelligence?

Grok’s analysis estimates an 8% rise for Bitcoin in the coming days. The projection for November places BTC at the $120,000 level. However, caution remains if Fed Chair Jerome Powell adopts a conservative tone. For XRP, the forecast is also positive. The AI detects that XRP is more sensitive to changes in interest rates. This is due to its use in cross-border payments. Grok projects that XRP could reach $3, a 14% rise by November.

The rate cut fosters a positive scenario for the digital economy. The AI forecasts reinforce a narrative of a moderate bull cycle. This cycle is supported by macroeconomic fundamentals and growing institutional interest. Nonetheless, AI projections face inherent limitations. Models cannot reliably anticipate unexpected regulatory events. Therefore, every strategy must be supplemented with research and responsible risk management.

The post Elon Musk’s AI projects Bitcoin at $120,000 after second Fed rate cut appeared first on The Cryptocurrency Post.

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