Twitter sticks with ambitious targets despite earnings miss

  • 📰 eNCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Twitter on Thursday reported that revenue and its user base grew less than expected, but the platform stuck with ambitious growth targets for the coming years.

The platform has a fraction of the daily users -- an average of 217 million at the end of 2021 -- that flock to giants like Facebook, but has aimed to significantly boost growth and revenue.

Thursday's earnings release showed that Twitter was about one million under analysts' expectations for users at the end of 2021, but still increased by about six million from the previous quarter. "Our strong 2021 performance positions us to improve execution and deliver on our 2023 goals," said CEO Parag Agrawal, who took over from founder Jack Dorsey last year."It's going to be tough, but not totally impossible," wrote Market Intelligence analyst Jasmine Enberg, referring to the 315 million target.

"With Agrawal in charge, we can expect more product changes and innovation at an even faster pace than we've seen over the past two years," she added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please keep up the good work, it was mind blowing when I opened my wallet and saw profit of R70k from the investment of R7600 MichaelWeldon_

I can't find a perfect way to express my experience with Charlesmike109 it was indeed an awesome information and transformation. I have always seen recommendations in respect to your name and I gave a try and I made cool withdrawals. THANK YOU SO MUCH.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Riding the Twitter waveIt’s Twitter, not Spotify, that FinanceGhost loves — even if its money making model needs tweaking.
Source: FinancialMail - 🏆 20. / 63 Read more »

MARKET WRAP: JSE benefits from strong corporate earningsLocal bourse tracks firmer global peers as US companies report better-than-expected results I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands
Source: BDliveSA - 🏆 12. / 63 Read more »

Here is the new ‘earnings threshold’ for South AfricaLabour and employment minister Thulas Nxesi has announced a new annual earnings threshold under the Basic Conditions of Employment Act (BCEA), which will have implications for South African employees.
Source: BusinessTechSA - 🏆 24. / 61 Read more »