Published: Sat, April 27, 2019
Worldwide | By Lisa Hogan

Twitter tops estimates on revenue, user count; shares surge

Twitter tops estimates on revenue, user count; shares surge

Twitter CEO Jack Dorsey met US President Donald Trump at the White House to discuss "the health of the public conversation" on the micro-blogging platform.

Naturally, the Donald had not considered that perhaps those followers never truly existed in the first place - as that summer month was when Twitter embarked on a purge of bots, fake accounts and propagandists in the wake of widespread concern that the platform had been used to influence voters at the 2016 USA election.

The app's biggest change is that it lets users view an entire Twitter thread instead of having to tap through each individual post.

"Great meeting this afternoon at the White House with Jack from Twitter".

"Q1 2019 revenue growth also beat expectations, with most of the growth coming from the USA, despite the fact that most new users were worldwide". Ad revenue surged 18 per cent from a year earlier to US$787-million, driven by a 26-per-cent increase in ad spending in the United States.

Twitter Inc. said its efforts to crack down on abuse and harassment on its platform are starting to pay off as the social-media site reported rising ad revenues in the first quarter and the largest jump in the number of daily users in two years.

Wouldn't it have been nice, though, if, after sharing a bountiful lunch spread from McDonald's, the CEO of the tech giant actually held Trump to the same standard as another human being on the social network?

Monthly active users were 330 million in the first quarter, Twitter said. Constantly taking people off list. "Very discriminatory", he said, and called for "more, and fairer, companies", in an apparent reference to US lawmakers' interest in regulating tech companies.

Twitter said advertising sales, 18 per cent up on a year ago, accounted for the bulk of the revenue increase - with video ads making a significant contribution. Just hours before their closed-door meeting, Trump accused the company - through a series of tweets - of "playing political games" and exhibiting an anti-Republican bias.

Earlier, President Trump had accused the platform of being "very discriminatory", and implied that it keeps taking followers off him.

Twitter has also faced intense pressure from governments around the world to remove "hate speech" and incitements to violence. Trump also wrote no wonder Congress wants to get involved and they should.

However, he's called out Twitter in particular.

However, Twitter has said that blocking a "world leader" such as Trump from the platform would "hide important information people should be able to see and debate". Many of those accounts were used by Russian agents to interfere in the 2016 election, but conservatives have complained that they have mostly targeted right-leaning voices.

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