Twitter has a user problem — and it’s got nothing to do with Elon Musk Twitter has challenges that go beyond whether or not the platform should have an edit button.
The social-media platform’s largest shareholder disclosed a bid on Thursday to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.” His bid values the social-media company at more than $43 billion. Shares of Twitter TWTR, +0.58% rose Thursday following the news.
Twitter has a user problem, data suggest, but that has little do with Elon Musk. Twitter had 217 million monetizable daily active users in the fourth quarter of 2021 , up from 211 million in the third quarter. However, analysts tracked by FactSet were expecting the platform to add 8 million mDAUs in the quarter. Compare that to Meta-owned FB, -1.28% Facebook’s 1.9 billion-plus daily active users.
Still, Twitter Chief Financial Officer Ned Segal said on a recent earnings call that he expects user growth to accelerate in 2022. “These expectations are informed by the data that we see, which has been driven by our work to help people successfully create new accounts and reactivate existing accounts,” he said in February.
In fact, an analysis of tweets by a representative sample of 2,548 U.S. adult Twitter users last year found that the most active 25% of U.S. adults on Twitter by tweet volume produced 97% of all tweets from these users. High-volume tweeters have more overtly political motivation, and say the site helps them become even more politically engaged.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk is hit with a class action lawsuit over his Twitter investment | EngadgetElon Musk has only been Twitter’s largest shareholder for a few weeks, but he’s already facing a class action lawsuit over his handling of the investment..
Read more »
Elon Musk Sued by Twitter Investors Over Late DisclosureTwitter shareholders filed a proposed class action accusing the Tesla mogul of profiting off of his failure to notify financial regulators of his stake in the company.
Read more »
Elon Musk Sued for Allegedly Dawdling on Disclosure of Twitter StakeAccording to Marc Bain Rasella’s complaint, in dragging his feet to file, Elon Musk – Twitter’s most notorious troll – managed to scoop up more shares at a deflated price.
Read more »
Twitter ‘a s–t-show’ for employees since Elon Musk took major stake: reportMusk’s surprise rejection of a Twitter board seat emerged ahead of a scheduled “day of rest” for company employees, according to a report.
Read more »
Twisty-Turny Elon Musk Drama Sparks Gallows Humor, Unease At TwitterInvestors shrugged off Musk's reversal over joining Twitter's board, but he and the company itself both signaled the commotion likely isn't finished.
Read more »