$nvda twotter9/7/2023 ![]() ![]() dollars as of February 2022.Īs of the second quarter of 2022, Twitter had 237.8 million monetizable daily active users (mDAU), indicating steady growth in users in recent years. Twitter went public in November 2013 and is ranked as one of the largest internet companies in the United States with a market capitalization of 28.93 billion U.S. Overall, the majority of Twitter’s revenues were generated via advertising, with a small portion being generated through data licensing. dollars and the company incurred a net loss of 221 million U.S. ![]() In 2021, Twitter’s revenue amounted to over 5 billion U.S. In addition, it is expected that the company's workforce will undergo significant adjustments. ![]() Musk announced that consumers will now have the option of becoming verified members for eight U.S. Twitter’s blue tick verification was originally free and reserved for high-profile individuals, allowing users to recognize trustworthy sources. The changing of the Twitter Blue feature was one of Musk’s first modifications as the company’s new CEO. Musk previously stated his views that the platform does not support the principles of freedom of speech, and looks to make alterations, such as changes to current regulations, open-source algorithms, and the eradication of fake accounts. dollars and came after he initially agreeing to purchase Twitter following a shock bid in April 2022. The acquisition cost Musk a total of 44 billion U.S. On October 27th, 2022, tech billionaire and prolific Twitter user Elon Musk bought the company and appointed himself CEO. ![]()
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