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Twitter is Growing: Social media platform posts revenue growth

Twitter released their financials showing that they saw a growth in their revenue.

The social media platform says they beat their expectations considering Apple’s changes to their software to make it difficult to serve ads to users. Part of the revenue growth is Twitters improved targeted ads. Share rosee 7% to $75 per share.

Twitter posted $1.05 Billion in advertising revenue, up 87% from 2020. Wall Street expected $909.9 million in revenue.

In the last year, Twitter has introduced new features including Fleets, a story feature for the platform, as well as newsletter publishing and a Clubhouse style feature as well.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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