Twitter reported continued steady growth in revenue but even faster growth in costs, forecasting that expenses would continue rising sharply in 2020. For the fourth quarter of 2019, Twitter’s revenue rose 11% to $1.1 billion. But expenses rose 22%, slicing Twitter’s operating profit margin to 15% from 23% a year earlier and knocking down net profit by 53%. The number of Twitter’s daily active...
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Musk’s Twitter Has Just 180,000 U.S. Subscribers, Two Months After Launch
Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January, or less than 0.2% of monthly active users, according to a document viewed by The Information. The tiny number signals the challenge Elon Musk faces in turning the subscription product into a major source of revenue. The U.S. number is about 62% of Twitter’s global...
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