(MENAFN - Baystreet.ca)
Twitter s (NYSE:TWTR) bold move of banning Donald Trump even if he is President again did not cost the company anything. Markets sent the Twitter stock to all-time highs instead. How may losing active users in the future hurt Twitter s prospects?
Twitter boldly banned Trump after the former President lost his power to do anything about it. But in the fourth quarter, it posted revenue growing 27.7% Y/Y to $1.29 billion. Monetizable daily active users, or mDAU, grew by 27% to 192 million.
The markets are predicting that the Trump user base will have no monetizable value in the future. Markets are also betting that not all followers will quit the site, either. That s a reasonable assumption. Still, the banning of the account and many others is disturbing. The company forecast breakeven earnings per share at best.
Print article Like many Donald Trump supporters, conservative donor Fred Eshelman awoke the day after the presidential election with the suspicion that something wasn’t right. His candidate’s apparent lead in key battleground states had evaporated overnight. The next day, the North Carolina financier and his advisers reached out to a small conservative nonprofit group in Texas that was seeking to expose voter fraud. After a 20-minute talk with the group’s president, their first-ever conversation, Eshelman was sold. “I’m in for 2,” he told the president of True the Vote, according to court documents and interviews with Eshelman and others.
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All evidence to the contrary notwithstanding? I wouldn t extrapolate the future based on the dysfunctional leadership of Trump which is set to expire in only .
All evidence to the contrary notwithstanding? I wouldn t extrapolate the future based on the dysfunctional leadership of Trump which is set to expire in only .