Cardi B and Megan Thee Stallion give away $1m on Twitter

Generally, if we see a celebrity giving away money on Twitter, we assume they’ve been hacked and it’s a scam (and pro tip: if Elon Musk is giving away bitcoin, it’s NEVER the real Elon Musk…) But here’s the exception that proves the rule: Cardi B and Megan Thee Stallion really have been giving away $1m […]

Wiley’s antisemitic tweets spark 48-hour Twitter walkout

British artist Wiley had something of a meltdown on social media on Friday and Saturday, posting a series of antisemitic tweets and Instagram videos over a period of several hours. Eventually his account on Twitter was temporarily suspended and many of the tweets removed, although a number of his posts are still live on Instagram […]

Twitter in ‘very early’ phase of exploring subscriptions

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 […]

Twitter hack by bitcoin scam compromised verified accounts

Joe Biden, Kim Kardashian West, Bill Gates, Barack Obama, Jeff Bezos, Elon Musk, Wiz Khalifa and Apple’s official Twitter account all had a message for followers last night: to send them bitcoin, and because they were feeling generous, they’d send back double. Sit down and grab the smelling salts for this revelation: their accounts had been […]

Today’s positive coronavirus-related industry stories (8 April)

We’ve broken the big positive story out as our lead today, but there are other good things to report on too. Variety has a report on how ticketed-livestreams platform StageIt is growing during the pandemic: it made $884k in the last two weeks alone, compared to $500k in the whole of 2019. That translates into revenues […]

L Devine’s digital ‘URL Tour’ helped her sell out of merch

One of the most inventive approaches to livestreaming so far this year came from British artist L Devine, who went on an online-only ‘URL Tour’ when a planned physical tour was cancelled due to the coronavirus pandemic. Instead of towns or cities, the URL Tour was structured around platforms: Instagram Live on 16 March; Twitter on 20 […]

Twitter users up but revenues hit due to coronavirus

Earlier this year, Twitter provided analysts with its financial guidance for the first quarter of 2020, predicting revenue of between $825m and $885m, and operating income between $0m and $30m. Yesterday, though, Twitter withdrew that guidance, due to the coronavirus pandemic. “While the near-term financial impact of this pandemic is rapidly evolving and difficult to measure, based on […]

Twitter is getting its ‘stories’ with new fleets feature

“Sharing your thoughts publicly can be intimidating!” tweeted Twitter’s product lead Kayvon Beykpour yesterday. No, this wasn’t a precursor to announcing new measures to crack down on the kind of users who can make Twitter such an angry, intimidating place. Instead, Twitter is launching its equivalent of Snapchat, Instagram and everyone else’s ‘stories’. Twitter’s version is called […]

Facebook and Twitter pull out of SXSW due to coronavirus

We reported yesterday on what the coronavirus outbreak might mean for June’s Midem music industry conference: presently, it means sharing Cannes with 23,000 real-estate folk due to the postponement of that industry’s MIPIM conference to the same dates as Midem. But now SXSW in Austin, Texas is facing its own disruptions, just a week and […]

Twitter quarterly revenues top $1bn for the first time

A symbolic moment for Twitter almost 14 years after its founding: for the first time, its quarterly revenues surpassed $1bn ($1.01bn, to be precise, an increase of 11% year-on-year). The company’s share price rose on the news, following fears that its advertising revenues were slowing down. Twitter uses its own metric of MDAUs (monetisable daily active users) […]

Twitter wants to make a ‘decentralised standard for social media’

If you’ve read any of the long-form articles (or the book) about Twitter’s history, you might have formed the opinion that CEO Jack Dorsey is good at Big Ideas, but not always quite as good at the details. With that in mind, here’s a new Big Idea from Jack Dorsey! “Twitter is funding a small independent […]

BTS Army’s latest battle was with… the World Record Egg

Yesterday, Twitter announced that the most-retweeted tweet of 2019 was January’s ‘World Record Egg’ – an attempt to break the previous retweets record with a photo of an egg. According to Twitter, the egg beat a tweet by K-Pop stars BTS featuring band-member Jungkook dancing to Billie Eilish’s ‘Bad Guy’ into second place. We’ll let you guess what happened once […]

Twitter launches feature for people to follow ‘topics’

Early next week, there’ll be a new way for Twitter users to keep up with the subjects they’re interested in. It’s a new feature called ‘topics’ which launches on 13 July, and it involves following topics – more than 300 at launch covering entertainment, sports and gaming – rather than just following people/profiles. Following a […]

Twitter revenues and daily users are both up year-on-year

It’s clearly the month for better-than-expected financial results for social apps previously thought to be on the slide. First we had Snapchat’s impressive figures for the second quarter of 2019, revealing that it now has 203 million daily active users. Now it’s Twitter revealing that its ‘monetisable daily active users’ (mDAUs) grew by 14% year-on-year to 139 million […]

Twitter and Snapchat publish their latest financial results

Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues up 18% year-on-year to $787m and a net profit of $191m for the quarter. However, its number of monthly active users (MAUs) was down by six […]

Twitter’s new video analytics tool helps marketers with timing

Twitter has launched a new analytics tool for people and companies posting video on its platform. It’s called Timing is Everything, and we think it could be quite useful for musicians. “Timing is Everything displays historical data showing when audiences are on Twitter watching and engaging with video,” explained Twitter in an announcement blogpost. That means whoever […]

K-Pop music sparked 5.3bn tweets on Twitter in 2018

Twitter is shouting proudly about the popularity of Korean pop music within its community: “With a new global record of 5.3 billion tweets last year” according to a blog post yesterday. Naturally, this is about K-Pop’s popularity outside South Korea continuing to grow, but Twitter is keen to stress the efforts it has been making […]

Would you trust a bot to handle your Twitter feed?

We’ve written a fair bit about the use of bots to automatically respond to fans on Facebook Messenger. But what about turning your tweets and (if you’re a company) LinkedIn posts over to a bot? That’s the gist of Swiss startup Twinybots. “Our service will post content on socials networks without your intervention. But you can […]

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