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👍 | Twitter aims to double its annual revenue by 2023


Photo Twitter aims to double its annual revenue by 2023 – A person holds a phone displaying the logo of the Twitter social media platform. Social media platform Twitter wants to double its total annual revenue to 7.5 billion dollars by the end of 2023, the company said at an event for investors on Thursday. – Monika Skolimowska / zb / dpa

Twitter aims to double its annual revenue by 2023

Social media platform Twitter wants to double its total annual revenue to 7.5 billion dollars by the end of 2023, the company said at an event for investors on Thursday. By then, the site would increase the number of daily users it reaches with advertising from 192 million to 315 million. In response to the announcement, the company's shares were up 7 per cent on early trading on the stock market in the United States. Twitter generates almost all of its revenue through advertising, so it presents only the number of people whom ads reach when reporting its key metrics. Twitter is also measuring… → Continue reading

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