monkeymagick
[H]News
- Joined
- Jun 22, 2008
- Messages
- 480
Apparently for the past three years, Twitter has been misleading with the amount of users on its social media platform. The company overestimated its monthly active users by a count of over 1 million extra users due to counting users on third-party apps. Instead of the previously reported 328 million, it is closer to 326 million, but does not factor in the possible 15 percent bots in its user base.
It could also deepen investors' concerns about Twitter's growth. "We see little progress towards attracting new users, which we believe is essential in order to generate advertiser demand going forward," said Wedbush Securities analyst Michael Pachter in a note.
It could also deepen investors' concerns about Twitter's growth. "We see little progress towards attracting new users, which we believe is essential in order to generate advertiser demand going forward," said Wedbush Securities analyst Michael Pachter in a note.