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How Much Money Did Twitter Lose Today?
If you want to know how much money did Twitter lose today, you’re not alone. Thousands of other people are also wondering the same thing. Twitter, Inc. is a San Francisco-based communications company that operates the microblogging and social networking service Twitter. In the past, the company operated Vine, a short-video application, and Periscope, a livestreaming service. Elon Musk is threatening to pull out of the Twitter deal, but the company’s performance has caused its stock to plummet.
12%
Twitter shares fell 12% on Tuesday due to the stock market’s continued decline. The company has faced numerous challenges, including a lawsuit by the right-wing Parler against Amazon and content moderation issues on Gab, which is run by a home-built server. Twitter hopes to make most of its growth outside the U. Read also : How to Stop Getting Twitter Emails.S., which could result in a further drop in value. However, many investors remain cautious.
The stock price of Twitter plunged 12% today on Monday after the company banned President Donald Trump’s account and permanently suspended it. The move is likely to spark a furious backlash from Trump supporters, and may raise questions about regulatory oversight. However, this decision came after two months of Trump’s tweets claiming voter fraud and the resulting violent protests at the Capitol, which resulted in multiple deaths.
$766 million
Twitter lost $766 million today after it was revealed that it had miscalculated mDAUs, or monthly active users. Instead of counting multiple accounts for a single user as a single mDAU, Twitter reported only two million. After Musk’s acquisition bid, this mistake was discovered and quickly stoked concerns about spam accounts. Musk’s successor Jack Dorsey took over in 2015 and has continued to grow Twitter. To see also : How to Increase Followers on Twitter. However, the company has suffered from a messy earnings history. In 2019, the company had inflated net income due to a tax benefit. The next year, however, Twitter had to incur expenses associated with COVID-19. Additionally, Musk had a privacy lawsuit against Twitter, which was settled for $150 million in May.
This is the third quarter that Twitter has reported a loss, and its earnings are still below expectations. While the company surpassed analysts’ expectations on revenue and adjusted loss, it missed on its revenue target. Analysts had expected revenue to rise by 37% from last quarter, but Twitter has had a steep learning curve to deal with social and political issues. Twitter now has 211 million daily active users, up from 208 million a year ago.
Elon Musk threatens to pull out of Twitter deal
The reason that Elon Musk has threatened to pull out of the Twitter deal is largely due to the way Twitter has handled the number of fake accounts it’s been identified with. The social media site was refusing to give Musk the data he wanted, including the number of fake accounts it’s detected. Read also : How to Increase Twitter Engagement. Musk’s lawyers argued that this was a material breach of contract and that Twitter must release the data for any reasonable business purpose.
As a self-proclaimed free speech absolutist, Musk wants the information from Twitter on bots. Twitter recently said that it removes about a million bot accounts a day. In response, Musk filed a lawsuit, claiming that Twitter breached their agreement. However, Musk must show that Twitter violated their agreement before he can pull out. This means that he has the opportunity to renegotiate the price of the deal.
Suspension of Donald Trump account
Following the deadly riot at the U.S. Capitol on Wednesday, Twitter has temporarily suspended President Trump’s account. The social media company says it will permanently ban him if he violates its terms of service again. It has not said how much money Twitter lost as of Friday afternoon, but the stock of the company fell in response to the news. As a result, some analysts are speculating that the company has lost millions of dollars.
In a nutshell: The suspension cost the company $1 million. Twitter is not the only social media company to suffer. Facebook, Google, and Snapchat have also taken action. The former presidential candidate has been banned from several platforms, including their news feeds and their YouTube channel. Reddit also banned some of his videos. In addition, Snapchat limited Trump’s activities on its network and announced that the account will be permanently banned on Jan. 20.
Instagram’s growth outside of U.S.
It’s important to note that Twitter does not separate monetizable users from those who aren’t, which makes it difficult to compare the two services. Also, it’s difficult to tell how many users are third-party apps. Instagram has been around for almost a year, but Twitter isn’t counting its non-U.S. users, which means that it may not have monetized all of them.
In addition, Facebook and Instagram are both growing rapidly outside the U.S. Instagram’s users are largely female, and it’s important to note that its ads are more likely to be clicked on by women than men. In addition, collection ads generate more clicks than photos. Instagram has more than 199 million users. Brands such as Nike, National Geographic, and Nike are using the service to reach a diverse demographic. Other popular accounts include Real Madrid CF, FC Barcelona, and the UEFA Champions League. Instagram has become more inclusive and diverse in recent years, including expanding search options by gender, age, and even hair type.
