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   Technology StocksTwitter, Inc.


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To: Glenn Petersen who wrote (1314)7/22/2021 5:54:10 PM
From: Glenn Petersen
   of 1332
 
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 1332
 
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 1332
 
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 1332
 
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 1332
 
Good point, that makes sense.

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From: Glenn Petersen9/8/2021 2:29:13 PM
   of 1332
 
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 1332
 
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 1332
 
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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From: Glenn Petersen10/11/2021 8:13:56 PM
1 Recommendation   of 1332
 
Twitter's tool for removing unwanted followers arrives for web usersThe safety-focused feature is rolling out to everyone.

K. Holt
@krisholt
Engadget
October 11th, 2021

All Twitter users can now remove a follower without having to block them. The company started testing this option last month, and starting today, everyone will have access to it. To quietly stop someone from seeing your tweets in their feed, go to the Followers tab on your profile, click the three-dot menu next to the user in question and select the "Remove this follower" option.

This is part of Twitter's efforts to reduce harassment on the platform. Blocking someone you don't want to follow you could lead to retaliation from that person via their allies or their secondary accounts after they find out. Cutting them in this fashion and muting them will mean they're none the wiser that they're out of the loop.

This method won't prevent someone you boot from your followers list from seeing your public tweets. Only blocking them or making your account private will do that. Elsewhere, Twitter is testing a Safety Mode, which automatically blocks accounts that use “potentially harmful language.” It's also looking into more ways to filter and limit replies, so it seems the company is making its anti-harassment efforts a bigger priority.

Twitter's tool for removing unwanted followers arrives for web users | Engadget

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From: Glenn Petersen10/26/2021 7:44:53 PM
   of 1332
 
Twitter shares rise after company says Apple privacy changes had less of an impact than expected on third-quarter results

PUBLISHED TUE, OCT 26 20214:07 PM EDT
UPDATED 6 MIN AGO
Salvador Rodriguez @SAL19
CNBC.com

KEY POINTS

-- Twitter reported revenue growth of 37% in the third quarter to $1.284 billion.

-- The company said Apple’s privacy changes to iOS 14 had less of an impact than expected.

-- Twitter said fourth-quarter revenue will be $1.5 billion to $1.6 billion, while analysts were predicting sales for the quarter of $1.58 billion.

Twitter’s stock price was up about 3% on Tuesday after the company reported its third-quarter earnings, meeting analysts’ expectations for revenue and user growth.

The company said it was taking a one-time litigation-related net charge of $766 million related to an $809.5 million settlement the company announced in September for allegedly misleading investors about user growth.

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

Earnings: 18 cents per share, adjusted vs. 15 cents as expected by analysts polled by Refinitiv.


Revenue: $1.284 billion vs. $1.285 billion as expected by analysts polled by Refinitiv.


Monetizable daily active users (mDAUs): 211 million vs. 211.9 million as expected by analysts polled by StreetAccount.

Because of the legal settlement, Twitter reported a net loss of $537 million, compared to a profit of $29 million a year ago.

Revenue increased 37% in the quarter from a year earlier. Twitter said the impact of Apple’s iOS privacy change was less than expected in the period, and will be modest in the fourth quarter. Snap and Facebook both cited Apple’s new iOS 14 privacy features as the main reason for business disruption in the latest quarter.

Twitter ’s ad revenue rose more than 41% to $1.14 billion, with total ad engagements increasing 6% from a year earlier.

Twitter provided additional detail on the sale of MoPub to AppLovin for $1.05 billion, which was announced earlier this month and is expected to close in the first quarter of 2022. Twitter said it doesn’t expect to recoup the full revenue loss of $200 million and $250 million next year from the deal.

The company said it’s expecting revenue, including the MoPub business, of $1.5 billion to $1.6 billion in the fourth quarter. Analysts were projecting sales of $1.58 billion on average, according to Refinitiv.

Unlike Snap and Facebook, demand for Twitter’s ads have not been impacted by global supply chain issues, Twitter CFO Ned Segal said in a call with analysts. This is because more than half of Twitter’s ad revenue in 2021 are associated with services and digital goods, Segal said.

Twitter’s total number of monetizable daily users grew by 5 million from the second quarter to 211 million. The user base was up nearly 13% from a year ago.

Twitter (TWTR) earnings Q3 2021 (cnbc.com)

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