The social-media platform’s largest shareholder disclosed a bid on Thursday to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.” His bid values the social-media company at more than $43 billion. Shares of Twitter TWTR, +0.58% rose Thursday following the news.
Twitter has a user problem, data suggest, but that has little do with Elon Musk. Twitter had 217 million monetizable daily active users in the fourth quarter of 2021 , up from 211 million in the third quarter. However, analysts tracked by FactSet were expecting the platform to add 8 million mDAUs in the quarter. Compare that to Meta-owned FB, -1.28% Facebook’s 1.9 billion-plus daily active users.
Still, Twitter Chief Financial Officer Ned Segal said on a recent earnings call that he expects user growth to accelerate in 2022. “These expectations are informed by the data that we see, which has been driven by our work to help people successfully create new accounts and reactivate existing accounts,” he said in February.
In fact, an analysis of tweets by a representative sample of 2,548 U.S. adult Twitter users last year found that the most active 25% of U.S. adults on Twitter by tweet volume produced 97% of all tweets from these users. High-volume tweeters have more overtly political motivation, and say the site helps them become even more politically engaged.
Wow, when Wall $treet hates Twitter, we must be doing something right. Interesting how articles, coming out now, from biased, for-profit corpirations are down on Twitter. They must be pissed ElonMusk did not get to buy Twitter .
Business should not be mixed with politics! Twitter has been censoring left and right!
Twitter has a censorship problem.
Twitter is fucking garbage, and so is ... but here we are.
I'm convinced Twitter won't sell to ElonMusk History has shown they have pride, and want to do right thing, even if money loss. Took LONG time before they were profitable... Banning TFG lowered their audience & income, but they did it...
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