khaskhabar.com : Wednesday, October 25, 2023 11:14 AM
San Francisco. Micro-blogging startup Pebble (formerly T2), an alternative to Twitter (now called X), is now shutting down. The company has said that they have no time left to save Pebble.
The app reached 3,000 daily active users from 20,000 registered users.
After its rebranding from T2, the daily user figure dropped to 1,000.
“I think the competitive landscape evolved more quickly than we thought,” said Gábor Cécel, co-founder and CEO of Pebble. I didn’t think that many people would try to do the same thing we were doing and in exactly the same ways.”
Today, the X options market is filled with platforms like Instagram’s Threads, open source-based platform Mastodon, Jack Dorsey-backed BlueSky, and others.
“We can’t move fast enough for investors,” Sessel wrote in a Pebble post.
He said, “The challenge was even bigger due to the availability of many options in this field. “We need more investment and time to fully realize Pebble.”
As soon as Pebble is shut down, early adopters will have the option to export their Pebble posts as a zip file.
Pebble will not direct users back to X or any other social network.
Pebble is also returning a small amount of the remaining funds to its investors, the report said.
Meanwhile, nearly 500 million posts are being viewed every day on Musk-run X.
According to its CEO Linda Yaccarino, X has so far paid out around $20 million (over Rs 166 crore) to creators to retain users on its platform.
According to him, the company will be profitable by early 2024, adding that the platform could now have 200-250 million daily active users.
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