A tweet use signal app shifted users from Signal to Whatsapp, a tweet by the world’s richest man Tesla CEO Elon Musk suggesting the use of the Signal app and this turns a huge number of downloads for this app.
Stock value of Signal app after Elon Musk tweet
The stock value for Signal app shares increasing day by day and according to reports, it reaches $390 million.
Chris Hymel, President and CEO of Signal Advance, Inc said: “We strongly recommend people do their due diligence and always invest with care”. The company’s CEO Chris Hymel said that Signal Advance doesn’t have any corporate connection with Elon Musk.
Signal Advance Inc has not recorded a yearly report with the Securities and Exchange Commission in 2019 and it apparently had no income from 2014 to 2016.
After Elon Musk tweet in favor of the Signal App, this witnessing a huge increase in demand. This is because its main competitor WhatsApp’s updated terms of service raised serious security concerns. And now it becomes a hot topic on social media.
WhatsApp, which uses Signal’s encryption technology, come up with the new terms on Wednesday, telling users to agree to allow owner Facebook Inc and its subsidiaries to collect user data, including their phone number and location.
People are moving from Signal to Whatsapp and that’s why it gains popularity again on Thursday after Elon Musk tweet in favor of Signal App and by the most popular micro-blogging site’s main man Jack Dorsey.
More than 1 million users installed Signal across the app stores of Apple and Google in the past few days. While Telegram gained nearly 2.3 million downloads, according to data analytics firm Sensor Tower.
WhatsApp downloads reduce to 11 percent in the first week of 2021 as compared with the previous week. But still, WhatsApp has an estimated 10.5 million downloads worldwide according to Sensor Tower report.
What is Signal App??
Signal App is just like WhatsApp, Telegram, or Facebook Messenger used for sending messages. It makes audio and video calls with friends, share photos, videos, and links, just like how other messaging apps work. Chatting and sharing purpose but the signal is different from them. as it is more inclined toward privacy and security rather than cute and funny emoji stickers.
Who created the Signal App?
This app was started by Moxie Marlinspike, American cryptographer and currently CEO of Signal App Messenger.
The Signal Foundation was created by WhatsApp co-founder “Brian Acton” and “Marlinspike”.
Acton left WhatsApp back in 2017, has put in around $50 million to help in funding Signal.
The app is free to use and available on both Android and iOS operating systems.
You can see the number of Installations after the Tweet in a single day.
People started to use Signal App because it protects their chats. Anything that we send or receive is encrypted, which makes it very difficult for anyone who intercepts through the data to work out what’s being said unless they are the specified recipient. This is all possible due to a concept known as end-to-end encryption.
Many companies use encryption, which basically to keep their private data safe from others.
Signal’s end-to-end encryption is powered by the company’s open-source Signal Protocol. It means the company cannot read your messages or listen to your calls, and no one else can either. And since Signal App doesn’t store any user data, governments and other agencies can’t request it, and it can’t leak out that why the Signal App to be very secure.
Key Features of the Signal App or Benefits of the Signal App are:
- Delete for Everyone’ option if you accidentally send the message to the wrong person.
- It has a disappearing messages feature. one can set disappearing messages on for each individual chat and choose the time ranging from 5 seconds to one week.
- It also has the feature to stop taking screenshots means one can’t take the screenshot for any sensitive information if you don’t want to let it misused.
- You can create a group of 150 people and non can join the group other than the people who have been invited.
- You can turn off “Show Calls in Recents” to prevent your history from syncing with the cloud.
How to set up app?
- Open signal app on your smartphone and then tap on continue
2. Allow for the permission they ask for.
3. Enter the phone number to setup and verify the account
4. After the verification enter you name and click on finish.
5. How to send messages using Signal Private Messenger app
- -In the Signal application, tap on the ‘pen’ icon from the bottom right corner.
- -Select a contact. It will then open a new chat window.
- -Type your message whatever you want and hit the send button.
To send photos, videos, and other multimedia content using Signal On any chat window, tap on the ‘+’ icon. Here you can choose from Gallery, GIF, File Contact, and Location. Click on the right option, select the file, photo, or video and send.
To make calls using Signal
On any chat window, tap on the Audio or Video call icon to make a call.
Future of the App
As of now they are getting so much popularity and have topped in the downloads in many countries. They will continue to grow further. But as of now, we have also witnessed that there are some loading issues. It is due to the sudden huge increase in no of users. This issue should resolve as soon as possible otherwise they will lose their customers. Customers expectation is the only concern for any company and this ensures long term growth.
Another reason is that the popularity has increased due to outrage of existing WhatsApp user due to change in privacy but once it will be restored the probability will be there that customer will be moving back to WhatsApp because the customer has downloaded the application but they are still not used to the interface and many of the people are not there in the Signal App so they will again start using WhatsApp.
If they will continue to perform up to the expectation they will definitely sustain for a long time and withstand the competitor their unique features. You can read what is koo app?