Finance

Bluesky's Explosive Growth Hits a Speed Bump: What’s Next for the Rising Social Media Star?

2025-01-06

Author: Ming

Bluesky's Recent Growth Surge

Bluesky, the emerging contender in the social media arena and a strong rival to X (formerly known as Twitter), has experienced a notable slowdown in user growth as we entered December. After an exhilarating surge from just over 9 million users in September to an impressive 20 million by November, reports indicate that this momentum has started to wane.

Growth Deceleration

According to data from analytics firm Similarweb, Bluesky saw less than 10% growth month-over-month in December 2024, a stark contrast to the whopping 189% jump it experienced in November. Daily active users on the Bluesky mobile app grew by 12% in December, down from an astonishing 284% in the previous month.

Current User Statistics

As of now, Bluesky boasts approximately 26.44 million users, but the latest data suggests that while growth is still occurring, it has begun to stabilize rather than accelerate. The platform has also begun implementing features familiar to users of X, like Trending Topics, to further enhance user engagement.

Reasons for Initial Surge

The exponential rise in Bluesky's user base can largely be attributed to the exodus from X following the U.S. presidential election, wherein users disenchanted with Elon Musk’s direction for X began seeking alternatives. As Musk aligned himself with newly elected President Donald Trump, many found solace in Bluesky, leading to the app's meteoric rise in popularity during November. This surge propelled Bluesky to the pinnacle of the U.S. App Store charts, where it maintained the No. 1 spot overall from November 13 to November 21, 2024.

High-Profile Attention

The influx of users has not only been organic but has also drawn high-profile interest from celebrities, musicians, and influential journalists who flocked to the platform in November, enhancing its visibility and credibility in social media circles. However, the recent data indicates that this initial massive boost may have peaked, transitioning into more normalized growth patterns.

Comparison with Competitors

Despite the deceleration in speed, it's worth noting that Bluesky is still growing at a more vigorous pace than its rival, Instagram Threads. In December, while Bluesky's web and app visits spiked by nearly 9.6% month-over-month, Threads.net saw a slight decline of 1.6%. Across the globe, Bluesky's app traffic rose by 9.5%, comfortably outpacing Threads' growth of 5.7% and X’s modest 2.4%.

Challenges Ahead

With a rapidly expanding user base, however, come growing pains. Bluesky is currently experiencing challenges related to user moderation policies, an influx of bots, and issues such as username squatting and impersonation attempts. The platform is taking steps to address these issues with frequent updates aimed at improving safety and user experience.

Outlook for the Future

Despite the growth slowdown, Bluesky has had an extraordinary 2024 thus far, evidencing a staggering 930% growth year-over-year in website visits worldwide, and an eye-popping 30,564% increase over the last two years. As Bluesky navigates this new phase, many are left wondering: can it maintain its momentum and continue attracting users in a competitive landscape? Only time will tell!