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Home / Business / Twitter reports slow user growth and stock price drops

Twitter reports slow user growth and stock price drops



The company’s daily active users increased from 1 million in the previous quarter to 187 million. Analysts had expected the company to report 195 million active users every day.

On the bright side, Twitter’s revenue this quarter was $936 million, far exceeding analysts’ expectations of $777 million, and it was up 14% from the same period last year. Twitter’s stock rose by about 8% during regular trading hours.

Twitter’s quarterly report comes a day after CEO Jack Dorsey appeared on the Senate Commerce Committee with Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai. The hearing was originally centered on a key law (section 230) that protected the company̵
7;s ability to review content as appropriate. But senators put pressure on executives on other topics, including antitrust and voting misinformation. Dorsey is facing controversy from the Republican Party because of why Twitter conducted a fact-check on President Trump’s tweets and other claims that favor conservative content.
Twitter reported on Thursday that its advertising revenue totaled $808 million, an increase of 15%. The company announced a year ago that it would stop all political advertising and stated that it should “win rather than buy” political information.

Twitter emphasized in its earnings report that healthy dialogue on the platform remains a top priority because it is committed to reducing abuse and misinformation on the platform, including flagging tweets, falsely claiming that candidates win or encouraging interference with election results or voting locations .




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