Twitter Turns In Its First Annual Profit, But It Comes At A Price
Twitter is profitable for the very first time, but it comes at a price.
The company revealed its monthly users are shrinking – currently at 321 actives users, which is five millions fewer than the previous quarter and 9 millions less than the same time last year.
Twitter said the decline was as a result of different factors, including changes to data privacy protection in Europe and “health of the service” as the company tries to stop fake news.
It also marks the third successive quarter that the social media company has seen a decline in users. The company has also revealed that it would stop publications of monthly active user number after the first quarter of this year in favor of a newly introduced figure on “monetizable” daily active users.