Connect with us

Breaking News

Twitter Is in “Early Stages” of Exploring Ways to Increase Revenue, Including Subscriptions



Twitter Reports Below Earnings Estimates by Analysts-ss-Featured

Twitter said it is in “the early stages of exploring additional potential revenue product opportunities to complement our advertising business,” in a letter to shareholders. These opportunities include “subscriptions and other approaches.”

“[A]lthough our exploration is very early and we do not expect any revenue attributable to these opportunities in 2020, you may see tests or hear us talk more about them as our work progresses,” the letter read.

On Thursday, the social media platform also reported the largest growth on record in monetizable daily users. The rate went up 34 percent from last year. Twitter, however, was still unable to turn a profit in the three months through June, as per Fox Business.

Twitter has recently piqued the interest of many. It happened after “a series of high-profile hacks earlier in July that set both the political and business worlds on edge,” Fox Business reported. Hackers targeted around 130 accounts – many of which belong to prominent individuals.

“For a small subset of these accounts, the attackers were able to gain control of the accounts and then send Tweets from those accounts,” Twitter said in a statement.

“We are continuing to assess whether non-public data related to these accounts was compromised,” Twitter said after the incident. Also, the social media platform “will provide updates if we determine that occurred.”

Up Next:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2022 Breaking News Alerts. This copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.