Saturday, February 22, 2020

Twitter experiencing user loss

Featured

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to...

China: Corona virus death toll rises to 2239, and 75,567 infections

China’s National Health Committee announced on Friday that it has received reports of 889 new confirmed cases of the...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
For the first time, Twitter completed a whole financial year with black figures and posted record revenues in the fourth quarter. Investors nevertheless reacted negatively to the financial report. The business outlook was below expectations. Twitter is experiencing a user loss.

The revenue climbed in the past quarter by 24 percent to $ 909 million, as the US short message service announced on Thursday.

The business was boosted mainly by the increased demand for video advertising time.

For the full fiscal year of 2018, Twitter made a surplus of $ 1.2 billion compared with a loss of $ 108.1 million the previous year. Despite the strong growth, the forecast for the current quarter is restrained.

Twitter expects sales between $ 715 and $ 775 million. Thus, Twitter earned more than expected. However, the stock of the company fell by eight percent before the stock market.

Because the users were significantly less. The number of monthly users decreased in the period from October to December to 321 million from 330 million in the same period last year.

In the future, Twitter will no longer publish this key figure, which is particularly well-known on the capital market.

Among other things, the management attributed the user loss to the deletion of accounts in order to contain misinformation, hate messages and voter influence.

User numbers in the industry are an indication of future growth potential. Some analysts already fear that Twitter has its best times behind it.

The phase of the red numbers, however, seems to have left Twitter behind.

The profit jumped by 73 percent to 244 million dollars. By the end of 2017, Twitter had breached its break even point for the first time in its almost thirteen-year history.

For the first time the short message service also published the number of its daily users.

This value, which allows for better comparability with rivals like Facebook or Snap, grew 1.6 percent from the previous quarter to 126 million users.

Snapchat last came to 186 million daily active users, Facebook to 1.52 billion.

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Trump adviser Roger Stone sentenced to 3 years in prison for lying

A federal judge issued a ruling on Thursday against Roger Stone, a longtime adviser to US President Donald Trump,...

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to purchase more US goods under...

Voting begins in Iran’s parliamentary elections

The Iranians began voting on Friday in a parliamentary election that is unlikely to change Tehran's troubled relations with the United States, after excluding...

Austrian Parliament: There is no place for ISIS operatives in the country

Herbert Kickel, head of the Parliamentary Bloc of the Freedom Party (the third largest Austrian party), confirmed that anyone who joined the terrorist group...

Reports of Russian intervention supporting Trump in the US 2020 elections

Informed sources reported that Shelby Pearson, the chief election security official in US intelligence, had warned lawmakers that Russian intelligence was taking steps to...

Related News