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   Technology StocksTwitter, Inc.


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From: Glenn Petersen2/25/2021 7:42:21 PM
1 Recommendation   of 1329
 
Twitter shares soar after company announces plan to double revenue by end of 2023

PUBLISHED THU, FEB 25 20219:04 AM EST
UPDATED THU, FEB 25 20214:01 PM EST
Lauren Feiner @LAUREN_FEINER
CNBC.com

KEY POINTS

-- Twitter said Thursday it aims to have 315 million monetizable daily active users by the end of 2023.It also wants to at least double its annual revenue in that year.

-- This is the first time Twitter has set long-term goals for revenue and daily users and it comes ahead of the company’s analyst day on Thursday afternoon.

Twitter said Thursday it aims to have 315 million monetizable daily active users (mDAUs) by the end of 2023 and to at least double its annual revenue in that year. The announcement was made in an SEC filing.

Twitter’s stock rose 3.9% Thursday.

This is the first time Twitter has set long-term goals for revenue and daily users and it comes ahead of the company’s analyst day on Thursday afternoon. Twitter said in its last earnings report it had 192 million mDAUs in Q4 2020.

Doubling its annual revenue would mean going from $3.7 billion in 2020 to at least $7.5 billion in 2023, Twitter said. The company also set a goal of doubling its development velocity by the end of that same year, which would require it to double the number of features each employee ships that directly drives mDAUs or revenue.

Twitter reiterated that it aims for a long-term target of mid-teens GAAP operating margin or 40% to 45% adjusted EBITDA margin.

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To: Glenn Petersen who wrote (1309)2/26/2021 6:41:23 AM
From: Glenn Petersen
1 Recommendation   of 1329
 
Twitter’s ‘Super Follow’ creator subscription takes shots at Substack and Patreon

Lucas Matney @lucasmtny
TechCrunch
1:00 PM CST•February 25, 2021



Image Credits: Twitter
--------------------------

It’s been an all-around more ambitious year for Twitter. Following activist shareholder action last year that aimed to oust CEO Jack Dorsey, the company has been making long overdue product moves, buying up companies and aiming to push the envelope on how it can tap its network and drive new revenue streams. Things seem to be paying off for the company, as their share price sits at an all-time high — double that of its 2020 high.

Today, the company shared early details on its first ever paid product, a feature called “Super Follow” which aims to combine the community trends of Discord, the newsletter insights of Substack, the audio chat rooms of Clubhouse and the creator support of Patreon into a creator subscription. The company announced the service during its Analyst Day event Thursday morning.

Plenty of details are still up in the air for the feature, which notably does not have a launch timeline.



Image Credits: Twitter
-------------------------------------

Screenshots shared by Twitter showcase a feature that allows Twitter users to subscribe to their favorite creators for a monthly price (one screenshot details a $4.99 per month cost) and earn certain subscriber-only perks, including things like “exclusive content,” “subscriber-only newsletters,” “community access,” “deals & discounts,” and a “supporter badge” for subscribers. Creators in the program will also be able to paywall certain media they share, including tweets, fleets and chats they organize in Twitter’s Clubhouse competitor Spaces.

The company’s other big announcement of the event was “Communities,” a product that seems designed to compete with Facebook Groups but also will likely provide “Super Follow” networks a place to interact with creators in close cahoots. They also shared early details on a “safety mode” that will allow users to auto-block and mute abusive accounts.

Introducing paywalls into the Twitter feed could dramatically shift the mechanics of the service. Twitter has been pretty conservative over the years in building features that are intended for singular classes of users. Creator-focused features built for a network that is already home to so many creators could be a major threat to services like Patreon, which have largely popped up due to the lackluster monetization tools available from the big social platforms.

New revenue streams will undoubtedly be key to Twitter’s ambitious plan to double its revenues by 2023.

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From: Glenn Petersen3/24/2021 11:11:22 PM
   of 1329
 
What is the ideological news slant of your Twitter account?

The Blindspotter by Ground News

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To: Glenn Petersen who wrote (1311)4/7/2021 7:09:04 PM
From: Glenn Petersen
   of 1329
 
Twitter said to have held acquisition talks with Clubhouse on potential $4B deal

Darrell Etherington @etherington
TechCruunch
3:56 PM CDT•April 7, 2021

Twitter held talks with Clubhouse around a potential acquisition of the live drop-in audio networking platform, with a deal value somewhere around $4 billion, according to a report from Bloomberg. TechCrunch has also confirmed the discussions took place from a source familiar with the conversations.

While the talks occurred over the past several months, they’re no longer taking place, though the reason they ended isn’t known according to the report. It’s also worth noting that just a few days ago, Bloomberg reported that Clubhouse was seeking to raise a new round of funding at a valuation of around $4 billion, but the report detailing the potential acquisition talks indicate that the discussions with Twitter collapsed first, leading to a change in strategy to pursue securing additional capital in exchange for equity investment.

Twitter has its own product very similar to Clubhouse — Spaces, a drop-in audio chatroom feature that it has been rolling out gradually to its user base over the past few months. Clubhouse, meanwhile, just launched the first of its monetization efforts, Clubhouse Payments, which lets users send direct payments to other creators on the platform, provided that person has enabled receipt of said payments.

Interestingly, the monetization effort from Clubhouse actually doesn’t provide them with any money; instead, it’s monetization for recipient users who get 100% of the funds directed their way, minus a small cut for processing that goes directly to Stripe, the payment provider Clubhouse is using to enable the virtual tips.

While we aren’t privy to the specifics of these talks between Twitter and Clubhouse, it does seem like an awfully high price tag for the social network to pay for the audio app, especially given its own progress with Spaces. Clubhouse’s early traction has been undeniable, but there are a lot of questions still remaining about its longevity, and it’s also being cloned left and right by other platforms, begging the age-old startup question of whether it’s a feature or a product on its own.

Whatever went down, the timing of this revelation seems likely to prime the pump for Clubhouse’s conversation with potential investors at its target valuation for the round it’s looking to raise. Regardless, it’s exciting to have this kind of activity, buzz and attention paid to a consumer software play after many years of what one could argue has been a relatively lackluster period for the category.

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From: Glenn Petersen4/29/2021 5:56:19 PM
1 Recommendation   of 1329
 
Twitter stock plunges on user miss and low guidance


PUBLISHED THU, APR 29 20214:05 PM EDT
UPDATED 3 MIN AGO
Salvador Rodriguez @SAL19
CNBC.com

KEY POINTS

-- The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior.

-- Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.

-- Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million.



CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images)
Jim Watson | AFP | Getty Images
----------------------------------------------

Twitter’s stock was down as much as 10% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected.

Here’s what Twitter reported versus Wall Street’s estimates:

Earnings: 16 cents per share, adjusted, vs. 14 cents forecast by Refinitiv
Revenue: $1.04 billion vs. $1.03 billion forecast by Refinitiv
Monetizable daily active users (mDAUs): 199 million vs. 200 million expected forecast by FactSet

The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior. Twitter also reported a profit of $68 million, contrasted with a loss of $8.4 million a year ago.

Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.

Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million. The user base was up 20% compared to a year ago. The quarter marked Twitter’s first period mostly without the presence of former President Donald Trump after he was removed from the service following the Jan. 6 insurrection at the U.S. Capitol.

Twitter ad revenue grew 32% year over year to $899 million, according to the report, with total ad engagement growing 11% over the same period.

The company said it is still too early to understand the impact of Apple’s privacy changes in iOS 14.5. However, Twitter pointed out that its integration of Apple’s SKAdNetwork enabled the company to increase by 30% the total number of iOS devices it can reach with its Mobile Application Promotion (MAP) offering.

Twitter (TWTR) earnings Q1 2021 (cnbc.com)

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From: Glenn Petersen5/15/2021 4:11:28 PM
   of 1329
 
‘Twitter Blue’ subscription service to include undo tweets feature and ‘Collections,’ priced at $2.99

José Adorno
9to5Mac
May. 15th 2021 6:07 am PT

Twitter has been working on its subscription service for a while now. Today, researcher Jane Manchun Wong said the service is going to be called Twitter Blue and, as for now, is priced at $2.99/month.

Twitter Blue will feature a new function called ‘Collections’ which will let users save and organize their favorite tweets into collections to easily find them later. Alongside this feature, Twitter will also bundle the ‘Undo Tweet’ function to its premium service.

This feature looks a lot like Gmail’s “undo send” button. The app just waits a few seconds before actually sending the message, so this could be what Twitter is planning to launch. As Wong shows, the company is working on the ability to adjust the duration of the undo Tweet timer from 5 seconds to up to 30 seconds.

Alongside these two features, Twitter could bundle Scroll with Twitter Blue. Last week, the company announced it acquired the subscription platform for users who don’t want to read content with ads but still support publishers to bring in more revenue than with traditional ads on a page.

Another paid-function from Twitter Blue could come from Revue, another service the company bough in January that helps people to publish newsletters on social media.

As for now, Twitter Blue is still in development and we can’t say for sure when the company will launch its paid subscription service or even if it’s going to cost $2.99/month when it launches.

Next week, Twitter is said to relaunch its Verification program, as also shown by researcher Jane Manchun Wong.

'Twitter Blue' is the company's upcoming subscription service - 9to5Mac

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To: Glenn Petersen who wrote (1314)7/22/2021 5:54:10 PM
From: Glenn Petersen
   of 1329
 
Twitter posts fastest revenue growth since 2014 in pandemic rebound

PUBLISHED THU, JUL 22 20214:06 PM EDT
UPDATED 32 MIN AGO
Jordan Novet @JORDANNOVET
CNBC.com

KEY POINTS

-- Twitter’s revenue growth accelerated and surpassed analysts’ expectations.

-- The social media company introduced its first subscription service in the quarter.

Twitter shares rose as much as 9% in extended trading on Thursday after the social media company announced second-quarter earnings that came in stronger than analysts had anticipated.

Here’s what Twitter reported versus Wall Street’s estimates:

Earnings: 20 cents per share, adjusted, vs. 7 cents as expected by analysts polled by Refinitiv.


Revenue: $1.19 billion vs. $1.07 billion as expected by analysts polled by Refinitiv.\


Monetizable daily active users (mDAUs): 206 million vs. 206.2 million as expected by analysts polled by StreetAccount.

Twitter’s revenue grew 74% year over year in the quarter, according to a shareholder letter, with the company citing “a broad increase in advertiser demand.” In the prior quarter, revenue had risen 28%. Growth accelerated as the company lapped a quarter when revenue declined by almost 19%, resulting in the strongest growth since 2014.

After a $1.38 billion loss in the year-ago quarter, on Thursday Twitter showed a $65.6 million profit.

The number of monetizable daily active users, or Twitter users who view advertising on the site, grew by 11%, Twitter said.

In the quarter Twitter introduced its first subscription service, which gives users access to an Undo Tweet button and other features. The company also released its Spaces audio chat feature on mobile devices for all users with at least 600 followers. And it announced a Tip Jar feature that will enable users to send money to others on the site.

The impact from changes in Apple’s iOS 14.5 release associated with tracking were lower than expected, Twitter said in its shareholder letter.

With respect to guidance, Twitter said it sees $1.22 billion to $1.30 billion in third-quarter revenue. Analysts polled by Refinitiv had expected $1.17 billion in revenue.

For all of 2021, Twitter said that it expects headcount and total expenses to go up at least 30% and that revenue will grow faster than expenses.

Notwithstanding the after-hours move, Twitter shares are up about 29% since the start of 2021, while the S&P 500 index has risen 16% over the same period.

Also after market close Snap, which like Twitter generates much of its revenue from advertising, reported better-than-expected results and saw its stock move up more than 13%. Advertising-heavy Facebook rose 2%, while Google parent Alphabet went up 1%.

Executives will discuss the results on a conference call starting at 6 p.m. ET.

This is breaking news. Please check back for updates.

Twitter (TWTR) earnings Q2 2021 (cnbc.com)

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From: Glenn Petersen8/16/2021 2:40:20 PM
   of 1329
 
Twitter taps crypto developer to lead decentralized social media initiative Bluesky

by Michael McSweeney
The Block
August 16, 2021, 1:19PM EDT · 1 min read

Bluesky, the decentralized social media initiative unveiled by Twitter CEO Jack Dorsey at the end of 2019, has a project lead, according to a Monday announcement.

Jay Graber, a former software engineer for Zcash and Skuchain and the founder of social event startup Happening Inc., will spearhead the effort. Graber said in a tweet thread: "I look forward to partnering closely with Twitter and other companies as we embark on this journey. It won’t happen overnight, but we’ll share our progress along the way."

Dorsey announced in December 2019 that the social media giant was funding a small group of developers to build Bluesky, which he described at the time as "a decentralized standard for social media." On its official website, the project's stated aim is "re-building the social web by connecting disconnected silos and returning control of the social experience to users."

Graber said in a tweet that "my next step will be hiring for the bluesky team."

The 2019 announcement of Bluesky capped what was perhaps a controversial year for the company as it turned to account suspensions to fight misinformation — moves that subsequently fueled accusations of censorship. Less than a year after the Bluesky announcement, Dorsey appeared before a Senate committee alongside Facebook CEO Mark Zuckerberg, who faced similar criticisms.

Twitter taps crypto developer to lead decentralized social media initiative Bluesky (theblockcrypto.com)

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To: Glenn Petersen who wrote (1316)8/31/2021 11:08:37 AM
From: BigMacAttack
   of 1329
 
Imagine if Twitter created it's own CC, would set a different precedent for the tech companies evolving into a crypto based platform. But likely a conflict of interest with the public listing.

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To: BigMacAttack who wrote (1317)8/31/2021 12:13:14 PM
From: Glenn Petersen
   of 1329
 
Dorsey may try that at some point, although it would make more sense under the Square umbrella. I'm sure that he is keeping a close eye on Facebook's Diem initiative.

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