Twitter on Thursday said its user growth is surging amid weak revenue in what is expected to be one of its final earnings reports as a publicly traded company before billionaire Elon Musk takes the…
Twitter’s base of monetizable daily active users – considered the company’s key reporting metric – grew 16% to 229 million during the quarter ending on March 31 – a period that concluded just days before Musk disclosed his 9% stake in the company.
The 16% increase in quarterly revenue marked Twitter’s slowest pace of growth in more than a year, according to Bloomberg. Twitter declined to provide guidance about its upcoming financial results and withdrew its preexisting forecasts, citing Musk’s pending acquisition of the company.
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