- Joined
- Aug 20, 2006
- Messages
- 13,000
I have no idea how this is possible for such a popular social media platform, but Twitter did not, reportedly, gain a single user in three months’ time: they currently claim 328 million users, a figure that hasn’t changed since Q1. The microblogging service managed to rake in a revenue of $574 million, however, so it is not going anywhere.
…user growth…was their key. Twitter’s declining revenue has been blamed on the fact that the company had paltry user growth for almost two whole years — revenue was simply catching up. But after adding a surprising nine million new users last quarter, some hoped that was a sign Twitter’s business growth would eventually follow. Adding zero new users, though, is not what investors were looking for.
…user growth…was their key. Twitter’s declining revenue has been blamed on the fact that the company had paltry user growth for almost two whole years — revenue was simply catching up. But after adding a surprising nine million new users last quarter, some hoped that was a sign Twitter’s business growth would eventually follow. Adding zero new users, though, is not what investors were looking for.