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   Technology StocksTwitter, Inc.


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From: Glenn Petersen4/29/2021 5:56:19 PM
1 Recommendation   of 1326
 
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 1326
 
‘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 1326
 
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 1326
 
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 1326
 
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 1326
 
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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To: Glenn Petersen who wrote (1318)9/1/2021 12:59:09 PM
From: BigMacAttack
   of 1326
 
Good point, that makes sense.

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From: Glenn Petersen9/8/2021 2:29:13 PM
   of 1326
 
Twitter wants you to tweet to interest-based communities, not just followers

Taylor Hatmaker @tayhatmaker /
TechCrunch
12:00 PM CDT•September 8, 2021


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

Twitter is a useful place for following breaking news and keeping up with what the people you’re already interested in are doing, but its relative dearth of discovery features and a lack of organized community spaces make it pretty hard to connect with anyone you aren’t actively seeking out.

The company is thinking about changing that. Twitter is on a tear with new features lately and its latest experiment, called Communities, is designed to make it easier to connect around shared interests. Users will be able to join these new social hubs and tweet directly to other people with shared interests rather than their regular group of followers. Those tweets will still be public, but replies will be limited to other community members.

Communities will be user-generated, though Twitter says that will be “limited,” for now, so most people will have to wait a few months before starting their own groups. The earliest Communities will center around popular and generally benign topics on Twitter including “dogs, weather, sneakers, skincare, and astrology.” Twitter’s example images also include cryptocurrency, plants and Black women photographers.



The test begins Wednesday and will show up in a dedicated spot at the bottom of the iOS app or in the side menu on Twitter.com. Twitter says that Android users will be able to read Community tweets too, though “more functionality” is on the way soon — presumably a dedicated app tab and the ability to join and participate in the new groups.

Communities will be created and maintained by designated moderators, who will have the ability to invite other users to the group via DM and remove content posted within the group. Initially invites will be the only way into a Community, but it sounds like Twitter has some grand plans for discovery features that make it easier for people to find places they might want to hang out.

“Some conversations aren’t for everyone, just the people who want to talk about the thing you want to talk about,” Twitter Staff Product Manager David Regan wrote in a blog post announcing the feature. “… We want to continue to support public conversation and help people find Communities that match their interests, while also creating a more intimate space for conversation.”



With any user-driven community space on social media — particularly one where algorithmic discovery factors in — moderation is the big concern. Twitter says that anyone will be able to read, report and quote content posted in a Community, so you don’t have to be a member of a community to flag harmful content like you would in a private Facebook group. Twitter says that it is working on “new reporting flows, and bespoke enforcement actions” to proactively identify problem Communities.

The company rolled out Super Follows, its paid subscription tool, earlier this month and also recently invited some users to sell tickets for audio rooms with Ticketed Spaces. It’s also testing one-time payments with a
The introduction of Communities pairs well with Twitter’s recent efforts to court creator communities. The feature called Tip Jar that’s currently only available for a subset of accounts.

Communities are a pretty big departure for Twitter, which is obviously in the throes of reimagining the platform as a more dynamic place for community building. By carving out substantial space for subcommunities on Twitter, the company seems to be inching in the direction of a platform like Discord or Reddit, where everything revolves around self-moderating interest-based communities. Those platforms grapple with their own moderation headaches, but specific, interest-driven communities invite users to go deep in a way that makes interactions on Twitter look shallow by comparison.

The introduction of Communities is an interesting direction for a prominent social network that’s remained largely unchanged for more than a decade at this point. If the test sticks, Communities could build connective tissue between users and make the social network generally a more dynamic place to hang out — but that’s only possible if Twitter can strike the right balance between encouraging its newly imagined subcommunities to grow and keeping them safe.

Twitter wants you to tweet to interest-based communities, not just followers | TechCrunch

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From: Sr K9/20/2021 10:57:29 AM
1 Recommendation   of 1326
 
Twitter to Pay $809.5 Million to Settle Securities Suit

Suit alleged social-media company misled investors about user engagement in 2015


Twitter said it expects to record a charge for the settlement in the third quarter.PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

By Colin Kellaher
Sept. 20, 2021 10:23 am ET

Twitter Inc. said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015.

The San Francisco company on Monday said the proposed settlement would resolve all claims against Twitter and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing.

Etc.

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From: Sr K10/7/2021 9:12:23 AM
1 Recommendation   of 1326
 
Twitter Sells Mobile Ad Firm MoPub to AppLovin for $1.05 Billion

Social-media network says sale will help it pursue its goal of doubling revenue


Twitter said the transaction will allow it to better focus on its own platform.PHOTO: STEPHEN LAM/REUTERS

By
Megan Graham

Oct. 6, 2021 6:46 pm ET

Twitter Inc. is selling mobile ad firm MoPub to AppLovin Corp. for $1.05 billion in cash, the company said Wednesday.

MoPub allows app publishers to make money by selling ad slots on their apps, and helps advertisers reach certain audiences on mobile apps, among other offerings.

Twitter purchased the company in 2013 in a deal estimated at the time to be worth more than $350 million.

MoPub says it now helps 45,000 apps source advertising via its exchange. It generated about $188 million in revenue in 2020, according to Twitter.

Twitter said the transaction will allow it to better focus on its own platform, citing offerings such as its performance-based advertising products and e-commerce initiatives.

“The sale of MoPub positions us to concentrate more of our efforts on the massive potential for ads on our website and in our apps,” Ned Segal, Twitter’s chief financial officer, said in a statement. He reiterated a previously announced goal to at least double Twitter’s total annual revenue to at least $7.5 billion in 2023 from $3.7 billion in 2020.

AppLovin, which makes tools for developers of apps to improve marketing and revenue and runs its own mobile-game apps, went public earlier this year. The company’s stock was up more than 9% in after-hours trading following the announcement of the acquisition. Twitter’s stock rose about 2%.

Adding MoPub will help AppLovin assemble more demand and competition for publishers’ ad impressions, AppLovin CEO Adam Foroughi said in a blog post.

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