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Jacob Borzycki / | Norphoto | Getty Images
Twitter competitor Bluesky said it saw “record traffic” on Saturday after Elon Musk, Twitter’s CEO and CTO, said the site would temporarily limit the number of posts users could read per day.
musk he wrote in a tweet that due to “extreme levels of data mining” and “system manipulation”, verified accounts, unverified accounts, and new unverified accounts will be subject to restrictions on the social networking site. Musk changed boundaries several times on Saturday, announcing at some point Verified accounts can view 10,000 posts per day, unverified accounts can view 1,000 and new, unverified accounts can view 500. Users have reported seeing the “rate limit exceeded” error message when viewing the allotted number of posts for them.
As a result, people have turned to Bluesky, an emerging text-based social media site backed by Twitter co-founder Jack Dorsey. Bluesky is still in invite-only beta, and the company said in a post Saturday that its systems were experiencing “some degraded performance as a result of record traffic.” The platform also had to pause subscriptions to address performance issues.
Bluesky resumed sign-ups late Sunday.
Twitter responded to CNBC’s request for comment with an automated response. Bluesky didn’t immediately reply.
Bluesky was originally incubated within Twitter in 2019 when Dorsey was still CEO. The app runs on a decentralized networking technology called the AT protocol, which could theoretically power future social apps, and enable people to maintain their identities across multiple platforms.
In February 2022, members of Project Bluesky creature Bluesky Public Benefit LLC, with Jay Graber as CEO and Dorsey as one of the founding board members. company announce On Twitter in April 2022 that it had received $13 million in funding to “ensure we have the freedom and independence to begin research and development.”
By the end of April this year, Bluesky had reached more than 50,000 users, according to website.
Bluesky isn’t the only competitor emerging on Twitter. The decentralized messaging app Mastodon attracted a lot of attention in November and the social media giant meta He previously confirmed to CNBC that he is “exploring a stand-alone decentralized social network for sharing text updates.”
The Meta may be ready for launch, as is The Verge reported on Saturday That Meta Twitter competitor, called Thread, appeared briefly in the Google Play Store.
Meta did not immediately respond to CNBC’s request for comment.
— CNBC’s Jonathan Vanian contributed to this report.
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