Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday February 10, 2016

Twitter Isn't Attracting Enough New Users

Twitter is worried about not attracting new users? If I was the head of a company that has lost money every single year since it went public, I'd be focused on making money first. What are they doing with all that money anyway?

Twitter's had a busy fourth quarter. It's been dropping new features like Moments and today's best tweets announcement. Also it's Jack Dorsey's first full quarter as CEO. So how did it do? Well it made $710 million in total revenue a 48-percent year-over-year increase. But it's still not profitable. It had a loss of $90 million which is still better than last year's loss of $125 million. The company also noted that monthly active users remained flat 320 million. Not a good sign when it's trying to gain new users with new features like Moments.

Comments