Twitter’s user growth surges during Elon Musk takeover

Twitter on Thursday said its user growth is surging amid weak revenue in what is expected to be one of its final earnings reports as a publicly traded company before billionaire Elon Musk takes the…

Twitter’s base of monetizable daily active users – considered the company’s key reporting metric – grew 16% to 229 million during the quarter ending on March 31 – a period that concluded just days before Musk disclosed his 9% stake in the company.

The 16% increase in quarterly revenue marked Twitter’s slowest pace of growth in more than a year, according to Bloomberg. Twitter declined to provide guidance about its upcoming financial results and withdrew its preexisting forecasts, citing Musk’s pending acquisition of the company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nypost /  🏆 91. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ari Melber fears Elon Musk will run Twitter just like Twitter has run for years.Twitter and Facebook have operated for years in the manner AriMelber described, but he didn't notice because they were part of his team, writes ZacharyFaria. 'Now, Musk buying Twitter is a five-alarm fire.'
Read more »

Tesla Share Price Drop Calls Elon Musk Twitter Deal Into QuestionThe world’s richest man found himself $21 billion poorer after Telsa shares plummeted—and may now have trouble financing his purchase of Twitter.
Read more »

Jameela Jamil quits Twitter after Elon Musk buys site for $44 billionJameela Jamil has announced that she’s leaving Twitter after the platform accepted Elon Musk’s $44 billion offer to buy the company.
Read more »

Twitter Experiences Mass Deactivations After Elon Musk TakeoverTwitter saw mass “organic” deactivations and huge fluctuations in follower numbers for some of the platform’s highest-profile users in the days after Elon Musk agreed to a $44 billion takeover deal of the social media giant.
Read more »

The Best Twitter Reactions to Elon Musk Buying the Dumb Reaction SiteIs the Internet’s biggest open mic night worth ElonMusk’s $44 billion?
Read more »