Trump tweets don't help: 1st Twitter revenue drop since IPO - News Summed Up

Trump tweets don't help: 1st Twitter revenue drop since IPO


Trump's frequent tweets ricochet well beyond his 28 million Twitter followers. The problem: The people already on Twitter may well be using it more, but America's first true "Twitter President" hasn't inspired others to sign up for Twitter en masse. By contrast, Facebook has 1.89 billion and Facebook-owned Instagram has 600 million monthly users as of December, the latest available. Twitter beat Wall Street expectations for adjusted income of 2 cents on revenue of $517.3 million, according to FactSet. One closely watched metric that did improve for Twitter — its daily active usage increased by 14 percent from a year ago.


Source: ABC News April 26, 2017 07:03 UTC



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