Twitter in ‘very early’ phase of exploring subscriptions
Posted on: 24 juillet 2020, by : Stuart Dredge

The key Covid-19 trends for social media seem clear: spikes in users and engagement (because lots more people are at home doomscrolling through their feeds) but big challenges to ad revenues, with brands holding back their budgets.
Twitter’s latest financial results are the latest evidence for both. The company averaged 186 ‘monetisable daily active users’ (mDAUs) in the second quarter of this year, up from 166 million in the first quarter.
However, Twitter’s revenues were down 19% year-on-year to $683m, leading to an operating loss for the company of $124m for the company compared to an operating profit of $76m this time last year.
The post Twitter in ‘very early’ phase of exploring subscriptions appeared first on Music Ally.
Source: Music ally

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