Twitter still struggling to attract new users
Twitter Inc.'s role as a megaphone for the U. S. president and numerous celebrities has failed to attract ordinary people to the social-networking platform, the company's latest earnings report and dismal forecast indicated.
Jack Dorsey, the chief executive officer of Twitter, acknowledged that the company might not be meeting everyone's growth expectations, and admitted that they needed to do more to convince people.
In a conference call with analysts, Dorsey said, "The whole world is watching Twitter. While we may not be meeting everyone's growth expectations, there's one thing that continues to grow and outpace our peers: Twitter's influence and impact. You don't go a day without hearing about Twitter."
It is an open secret that Twitter is struggling to translate influence into growing its user base and advertising to increase its revenue and profit. Rumors of the company's potential sale have long been swirling over the Internet.
Despite making several efforts, Twitter has yet to make a noteworthy difference in attracting new users. For the final quarter of last year, the company averaged 319 million monthly users, up merely 4 per cent from the same quarter of 2015.
Like many other Industry experts, Prof. Mark Skilton of Warwick Business School cautioned that Twitter shareholders and CEO Dorsey are running out of time.
New Zealand News
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- MGE gets six-month extension for South Korea’s Inspire Entertainment Resort development project
- Price of two cheapest trims of Tesla Model 3 electric sedan increased by $500
- Genting Malaysia asks employees to accept reduced pay; executives to take leave without pay
- Tesla to design & build affordable EV in China: Tom Zhu
- Norway’s ICE car sales decline as buyers making shift to EVs
- Pursang launches Retro-inspired E-Track Motorcycle for Euro 14,449 in Netherlands
- ElectReon successfully tests dynamic wireless EV charging system on public road in Sweden
- Volvo to design special Gothenburg Green City Zone for autonomous & related technologies