Daily usage was lower than Twitter claimed.
The updated figures aren’t exactly a game-changer: Twitter now has 229 million daily users, which is still up more than 10 million, even from last quarter’s inflated number. But they are one final embarrassing slip-up for Twitter as the company wrangles a deal to be taken private, at which point it will no longer have to share these figures publicly.Twitter reported an operating loss of $128 million on revenue of $1.2 billion, both in line with its own guidance for the quarter.
Because of the pending sale, Twitter says it will stop providing guidance on its performance and is “withdrawing all previously provided goals and outlook.” Musk has given vague statements about how he’ll change Twitter, promising to “enhanc[e] the product with new features,” make its algorithms open source, crack down on spambots, and verify all users. He’s also harped endlessly about turning it intoNotably, Musk has said that buying Twitter “
.” The company has never been a huge moneymaker, and Musk has repeatedly emphasized that he wants to make changes to Twitter so that it can remain a “de facto town square.”
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