Twitter plans to double revenue by 2023, teases…
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The average number of active users per day (mDAU) that can view ads is also expected to increase to at least 1 million by the end of 23.
By Sheila Dang and Elizabeth Culliford (Reuters) – Twitter Inc will launch new features and products faster to catch up with rivals in a plan to double annual revenue and reach a least 315 million users in 2023, it said on Thursday, boosting its shares 5.6 %. “We know we've been slow,” Chief Executive Jack Dorsey said in an investor day presentation. “When you compare us with our peers, it's been especially stark.” The social media network estimated annual revenue of at least $ 7.5 billion by the end of 2023. Twitter shares were up more than 4% at $ 75.16 late Thursday afternoon, after reaching a… → Continue reading
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