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Twitter Loses 9mn Users

Average daily active users (DAU) increased nine per cent year-over-year, compared to 14 per cent in the same period the previous year

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Twitter CEO
This April 26, 2017, photo shows the Twitter app icon on a mobile phone in Philadelphia. According to a study released Jan. 24, 2019, a tiny fraction of Twitter users spread the vast majority of fake news in 2016, with conservatives and older people sharing misinformation more. VOA

Twitter reported a surge of 17 per cent with a revenue of $758 mn in the third quarter, but also saw a decline of nine million in its user base.

Twitter revenue was up 29 per cent (year-over-year) and advertising revenue reached $650 million. The monthly active users (MAUs) reached 326 million.

“We’re achieving meaningful progress in our efforts to make Twitter a healthier and valuable everyday service,” said Twitter’s CEO Jack Dorsey in a statement late on Thursday.

The micro-blogging platform said that its user drop was due in part to the company clamping down on accounts that disseminate spam or use automated bots to try to target legitimate users.

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Twitter revenue hits $758 mn, loses 9 mn users. Pixabay

“We’re doing a better job detecting and removing spammy and suspicious accounts at sign-up. We’re also continuing to introduce improvements that make it easier for people to follow events, topics and interests on Twitter,” he added.

The total ad engagements increased 50 per cent (year-over-year) and international revenue hit $335 million — an increase of 30 per cent (year-over-year).

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“This quarter’s strong results prove we can prioritise the long-term health of Twitter while growing the number of people who participate in public conversation,” said Dorsey.

Average daily active users (DAU) increased nine per cent year-over-year, compared to 14 per cent in the same period the previous year. (IANS)

Next Story

Pessimistic Millennials Across the World Storm Twitter with Retirement Plans

A recent report by the Organization for Economic Cooperation and Development (OECD) found that today, just 60 per cent of millennials are considered middle-class, compared to 70 per cent of baby boomers when they were in their twenties

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Twitter, India, Smartphone
Twitter on a smartphone device. Pixabay

Millennials across the world stormed Twitter with suggestions how they would like to retire, using the hashtag #millennialretirementplans, and most of them had pessimistic and gloomy views about their golden years.

From living in their parents’ basements to colonizing the Mars only to destroy it like Earth, millennials (those born between 1980 and 2000) wished for early death via dark-themed jokes and memes about never been able to retire and putting the blame on Baby Boomers (those born worldwide between 1946 and 1964) and political upheavals.

“Hope we don’t die in our chairs during a meeting that could have been an email,” wrote one user.

“Watch as the environment disintegrates and move to Mars, where we will yet again, destroy another planet,” posted another.

Most of the millennials painted a bleak picture of their retirement plans.

“Why is this even on trending? We all know we’ll never be able to retire,” said another Twitter user.

“Cultivate my kids so they can become successful millionaires and live off of them,” wrote one.

There were several tweets about poor healthcare as a barrier to a good retirement.

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FILE – A man reads tweets on his phone in front of a displayed Twitter logo. VOA

“Work myself to death since healthcare is a debt sentence & social security won’t exist by the time I’m of ‘retiring age’. Or just wait for the nuclear apocalypse,” said one millennial user.

“Early death,” said one.

“Dumpsters are the new tiny houses,” posted another.

A few millennial users, however, made light of the situation.

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“Travelling around the world collecting Pokemon Go,” said a user.

Other comments were: “Have older people pay for you now, have younger people pay for you later,” and “become an anti-social media influencer”.

A recent report by the Organization for Economic Cooperation and Development (OECD) found that today, just 60 per cent of millennials are considered middle-class, compared to 70 per cent of baby boomers when they were in their twenties. (IANS)