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Friday, January 28, 2022

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Twitter Loses 5 Million Users, Revenue Still Up

Twitter revealed some good news and bad news in their most recent earnings conference call. The good news: They had a profitable quarter. The bad news: They lost 5 million users in quarter 4.

The social media platform saw a 5th quarter in which they made a profit. Total company revenue for quarter 4 was $909 Million, beating analyst expectation. In ad sales, the company saw $749 Million.

The share price dropped with the news that active users dropped to 321 million, down from 326 Million the previous quarter. The number of monthly users was below the expected 324 million. However, the daily active users rose 9 percent to 124 million.

Twitter has come under fire as of late for their open and liberal policy on account bans. The platform as banned conservative commentators with or without reason while also not banning some on the left.

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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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