Twitter has Put Up Worst Revenue Growth Ever

Silicon Valley is experiencing a rapid transformation currently. We recently reported that the focus in the valley has switched to AI and robotics, and now the area is seeing some of it’s largest companies fall on hard times. With Verizon buying out Yahoo, Apple experiencing revenue loss for two-quarters and now even Twitter is showing sounds of an uncertain financial future.

The social media giant has been experiencing a decay in add growth and audience growth is beginning to stagnate. Meanwhile, Facebook is back on the rise, LinkedIn received a massive buyout from Microsoft, and Snapchat has millennials in the palm of their hands.

Twitter reported a revenue of $602-million USD this past quarter, which is up 20-percent from this time last year. However, the social media site has experienced a net loss of $107-million USD for the quarter and a user growth of only 3-percent since last year.

The company’s troubles can be largely blamed on the fact that they’re struggling to real in more monthly users. If the site can not secure a larger audience at a steady pace then advertisers will not feel the need to use the social media site as a medium. Due to add revenue being the main source of income for Twitter, this could spell trouble for the website’s financial stability.

Image Via Wikipedia
Image Via Wikipedia

Twitter is currently used largely for sending out quick blasts of information. Businesses, celebrities, and bloggers can send a quick blurb of information which either makes a quick announcement or incorporates a catchy title that then links the viewer to wherever the Tweet wants them to go. While this may seem great, sites like Instagram and Facebook allow the same demographic as mentioned before to make more of connection to viewers.

In an effort to boost the site’s traffic, Twitter announced that will be allowing the general public to apply for account verification. Twitter likely implemented this to encourage more companies and well-known individuals to use the website, which will, in turn, draw their fans and followers to use the site as well. Since this opportunity is so new the effects on the sites traffic are not yet known. More about the new Twitter Verification process can be read here in an article.

Moving forward the 10-year old company will have to figure out a way to attract more concurrent users. If Twitter fails to do so, it could result in them losing out on advertisement deals, valuable talent, and other opportunities.

 

About Milton Harris

My name is Milton Anthony Harris II. I’m one of the biggest tech nerds and car freaks on the planet. Naturally this makes me a huge gaming enthusiast, and an F1 fan, but you'll likely find me in front of the nearest big screen during Hockey season cheering on the Carolina Hurricanes. Outside of that, I'm a sarcastic beer snob that loves to have a good time and ogle over the engine bay of a beautiful car/truck or the insides of a liquid cooled gaming computer.

Have a tip we should know? tips@rhd.news

Uncategorized

Most Read

  1. ARTS
    With a Vengeance and no Apologies, Art Basel Miami Beach Has Returned
    1 year ago
  2. Food
    Is Faux Turkey Finally Vegan-Approved for Thanksgiving?
    1 year ago
  3. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    1 year ago
  4. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    2 years ago
  5. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    2 years ago
  6. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    2 years ago
  7. BUSINESS
    Valentino Launches its Cosmetics Line
    2 years ago
  8. Business
    McDonald’s Sales Increase Amid COVID Restrictions
    2 years ago
  9. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    2 years ago
  10. coronavirus
    UK Offers Aid Amid Surging COVID-19 Cases in India
    2 years ago
  11. Entertainment
    Nomadland Director Chloé Zhao, Wins the Best Director in 2021 Oscar
    2 years ago
  12. BREAKING NEWS
    Tyre Nichols: Another Police Officer Fired
    3 hours ago
  13. BREAKING NEWS
    Breaking News: dozens of soldiers were released as part of a prisoner exchange.
    3 hours ago
  14. U.S.
    Western allies promise precision rockets and missile systems to Ukraine.
    16 hours ago
  15. Gadget
    Best Wireless Earbuds Top Picks for Every Listener
    1 week ago
  16. Lifestyle
    The 32 Best Weekender Bags for Long-Weekend Travel
    1 week ago
  17. Lifestyle
    Best Hybrid Mattresses
    1 week ago
  18. Entertainment
    30 Best Bars in NYC
    2 weeks ago

Follow @rushhourdaily: