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Twitter reports 2022 losses and inflated user count in recent years

  • April 30, 2022
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In its latest financial and data report twitter not only admitted that the number of users between 2019 and 2021 was inflated, but also revealed losses. According to

Twitter reports 2022 losses and inflated user count in recent years

In its latest financial and data report twitter not only admitted that the number of users between 2019 and 2021 was inflated, but also revealed losses. According to the platform, people with multiple accounts were added more than once, resulting in a “error” of two million in the statistics.

The company has corrected the number in the report and has now updated the data. In the first quarter of 2022, the social network had 189.4 million users, which represents a notable increase compared to 2021. Elon muskindicators for the coming months will not be predicted.

The financial results were unfavorable for social media, with an operating loss of US$128 million (about R$623 million). The main sources of revenue were advertising sales ($1.1 billion), business subscriptions and services ($94 million), and MoPub sales ($1.05 billion). Due to the sales process, figures for the coming months will not be predicted.

‘Close Friends’ is Twitter’s bet for 2022

Despite the increase in its “audience”, Twitter experienced several years of stagnation, especially at the beginning of the last decade, due to several updates to its platform that still generates memes – the case of the absence of the “Edit” button.

To change this, the network has invested in some news in recent years and may be undergoing major changes after Musk’s purchase. One of them – invented before the arrival of South Africa – is the function of exclusive posts.

According to information compiled by app researcher Nima Ouji, it will be possible to add people to a private circle where only they can see your tweets like “Close Friends” on Instagramthat only some friends have access to the user’s stories.

The resource name will be “twitter a circle“, Looks like “twitter wheel” was an interface used by some users in Brazil that allowed them to send messages to selected people. The launch date of the novelty is still unknown.

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Source: CanalTech, Twitter report.

Source: Mundo Conectado

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