Twitter Surpasses 190 Million Daily Users, Beats Wall Street’s Q4 Revenue Estimates
User growth slowed down dramatically from earlier in 2020, howeverSean Burch | February 9, 2021 @ 1:15 PM Last Updated: February 9, 2021 @ 1:52 PM
Twitter
Twitter fell short of Wall Street’s user growth expectations but topped analysts’ revenue and earnings estimates when it posted its fourth quarter results on Tuesday afternoon. Altogether, the Q4 report got an initial thumbs up from investors, with Twitter’s stock price enjoying a nice boost in after-hours trading.
Between October and the end of December, Twitter added 5 million daily active users, bringing the company to 192 million DAUs overall. That marked an increase of 27% year-over-year. Analysts had expected that be closer to 193 million DAUs. After adding a company-record 20 million daily users during Q2, Twitter added a combined 6 million new daily users during the second half of 2020.
Twitter Acquires Revue, Jumps Into Budding Email Newsletter Business
Tech giant will take a 5% cut of all Revue sign-ups as part of the dealSean Burch | January 26, 2021 @ 8:51 AM Last Updated: January 26, 2021 @ 8:53 AM
Leon Neal / Getty Images
Watch out, Substack Twitter is getting into the newsletter game. On Tuesday, the tech giant acquired Revue, a platform allowing users to publish and monetize newsletters. Terms of the deal were not disclosed.
“Revue will accelerate our work to help people stay informed about their interests while giving all types of writers a way to monetize their audience whether it’s through the one they built at a publication, their website, on Twitter or elsewhere,” Twitter said in a blog post announcing the acquisition.
Parler CEO: Amazon Dropped Our Service Because Trump Wanted to Join as ‘Person X’
John Matze says Amazon booted Parler “in part on a desire to deny President Trump a platform on any large social-media service”Sean Burch | January 14, 2021 @ 9:32 AM Last Updated: January 14, 2021 @ 9:35 AM
BlazeTV
Before Amazon kicked Parler offline, President Trump considered joining the social media platform under the pseudonym “Person X,” Parler CEO John Matze claimed in a Wednesday court filing. Matze also said Amazon knew about Trump potentially joining the platform, popular among many conservatives, and that it was a driving force in the tech giant’s decision to terminate Parler’s web hosting.