28.04.2022 14:45 Uhr, Quelle: Engadget

Twitter admits it accidentally overstated user numbers between 2019 and 2021

As it prepares itself for the possibility of becoming wholly owned by Elon Musk, Twitter is today revealing that it previously overstated its user figures between 2019 and 2021. In its newest financial reports, the platform says that users with multiple accounts were inadvertently counted as multiple people. The difference in the figures was never more than 2 million either way, but it reflects the even more limited nature of Twitter’s growth.In terms of revenue, Twitter pulled in $1.20 billion across the first quarter, of which $1.11 billion was made through advertising. A further $94 million was added through “subscription and other revenue,” which includes data sales and other business-to-business services. A cash injection also came from Twitter’s sale of MoPub, its mobile ad platform, which it handed off to AppLovin for $1.05 billion in an all-cash deal. Despite this, the company posted an operating loss of $128 million compared to a modest gain of $52 million in the same quarter

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