For the first time in nearly two years, Twitter is experiencing a small growth spurt in the number of daily active users. Nearly 229 million people logged in last quarter, an increase of 14 million compared to the previous quarter. The last time Twitter grew like that was at the start of the coronavirus pandemic in 2020.
Tensions and the ensuing war in Ukraine may have caused more people to look up the news via Twitter. The platform itself says nothing about that. Turnover also grew, to $1.2 billion, but that was less than expected.
No expectations
These are special quarterly figures for the company, as it will probably be one of the last times Twitter will provide the figures as a publicly traded company. That’s because Elon Musk bought it for $44 billion want to take over company and then take it off the market. As a result, Twitter cannot provide an forecast for the coming quarter, which is normally customary. Now there is too much uncertainty.
Twitter continues to grow, albeit slightly. The last time there was a loss was two years ago. This means that there is a healthy and relatively stable company, which is also not competing with the top of Silicon Valley. That is not important to Musk, he has said himself. Above all, he wants Twitter to be the place where freedom of expression is given space. For the time being, he is not interested in the economic side.
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