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For the fiscal year 2021, the last fiscal before Twitter was taken private, the company reported a loss of 221 million, with an annual revenue of $5.1 billion. Since its IPO, Twitter made profit in only two of the eight years.
Twitter shares fall in price by about 18% based on their disappointing quarterly revenue ($436 million), earning, and user growth numbers. [ 112 ] [ 113 ] [ 114 ] The drop begins even before Twitter's official announcement because the results are scraped by financial intelligence firm Selerity from Twitter's website.
X Logo used since 2023 [a] X homepage visited while logged out in December 2024 Formerly Twitter (2006–2023) Type of site Social networking service Available in Multilingual Founded March 21, 2006 ; 18 years ago (2006-03-21), in San Francisco, California, U.S. Headquarters Bastrop, Texas, United States Area served Worldwide, except blocking countries Owner Odeo (March–October 2006) Obvious ...
Twitter's (TWTR) second-quarter 2022 results reflect slow advertising demand due to macroeconomic headwinds and uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.
Twitter's (TWTR) first-quarter 2021 results benefit from a broad-based recovery in advertising revenues driven by strong brand advertiser demand in the global market.
While co-founders McEachen and Zymnis joined Twitter, co-founder García Martínez joined Twitter rival the Facebook ads division as a product manager. [34] AdGrok closed its service on June 30, 2011. [37] VentureBeat said that AdGrok could help Twitter generate revenue from "promoted and trending tweets". [38] 10 July 5, 2011: BackType: Social ...
Twitter this month launched its controversial creator ad revenue share program. Musk said Twitter remained cash flow negative because of its heavy debt load and a 50% decline in ad revenue.
A nonfiction book about the acquisition, Breaking Twitter: Elon Musk and the Most Controversial Corporate Takeover in History, was announced by author Ben Mezrich in December 2022 and released in November 2023. [379] [380] Many publications reflected on Twitter's first year under Musk's ownership.