As Twitter Wants Many User For New Content For Making Money: In a slew of new features, including Super Follows and Tip Jar, Twitter says it wants to make money for you and for itself. On Tuesday, Facebook Inc. (NASDAQ:FB) reported a strong second quarter, beating analyst expectations.
In a press release, Twitter Chief Financial Officer says we are driving more value for advertisers with our strong push into performance-based advertising and expanded offerings for small- and medium-sized businesses.
As Twitter Wants Many User For New Content For Making Money
Increasing In Daily Active User
Twitter’s letter to shareholders, the company also saw an increase in monetizable daily active users, or Twitter users who view ads on the platform.
The company said the increase of 7 million was driven by ongoing product improvements and global conversations around current events.
Twitter Tip Jar’s Spaces, Blue, And Tip feature Work
Earlier this year, Twitter introduced new features, admitted that one of its products had failed, and focused on combating abuse.
As part of a recent update, Twitter has added new features for users, including Spaces, the social media platform’s response through audio chat hit , a Tip Jar, which allow users to send money directly to their favorite accounts, and Blue.
It offers a “Undo Tweet” function for users only in Canada and Australia at the moment.
As we enter the second half of 2021, we are shipping more, learning faster and hiring remarkable talent.” A huge opportunity exists to get the entire world to use Twitter, he says.
Monthly Fee For Additional Content
Twitter is also looking for users to test its Super Follows, which will allow users to charge a monthly fee for additional content.
The company will take a cut based on the amount of earnings generated by the users of the service.
Super Follows and Ticketed Spaces will not be taxed more than 3 percent until a user has earned a total of $50,000. It will then be up to 20 percent of future earnings.
We’re working on ways for the people drive those conversations to earn money from audience support and engaging their followers in a new way.
A conference call with investors on Thursday confirmed Segal’s point. So that creators can continue to create great free content as well as great paid content. We help creators build, nurture, and grow their following.”
How And Why Fleets Have Failed
Twitter announced last week that it is ending its Fleets feature on Aug. 3 due to a lack of new user engagement.
If we’re not having to wind down features every now and then, then we’re not taking big enough swings.”
In a conference call with investors, Dorsey echoed a similar sentiment about Twitter’s Fleets. A few users were confused by Fleets, he said.
It’s better to shut down a failing product than to keep it around for years.
The full-screen camera, text formatting options, and GIF stickers.
Is Twitter Getting Down votes?
Some users on Apple’s iOS will soon be able to click a dislike/down vote button.
To better understand what types of replies you find relevant in a conversation, we’re testing ways to show you more of them. Votes aren’t made public, but up votes.
Also this week, Twitter suspended Rep. Marjorie Taylor Greene’s account for 12 hours late Monday for violating its policy after she posted two misleading tweets about COVID-19 as she returned to the platform and accused them of censorship, according to a Twitter spokesperson.
Company Revenue
As a result, the company’s revenue for the quarter ended June 30 was $1.19 billion, exceeding its own expectations of between $980 million and $1.08 billion, as well as analysts’ expectations of $1.07 billion for that period.
After-hours trading saw Twitter’s stock soar by up to 8% as a result.
A broad increase in advertiser demand shareholder letter to shareholders on Thursday. Twitter’s revenue grew 74 percent year over year in the second quarter.
Twitter said it expects third-quarter revenue between $1.22 billion and $1.3 billion, compared to analysts’ expectations of $1.17 billion. A Twitter spokesman said the company is also updating its estimates for revenue growth and expense growth.
We now expect headcount to grow 30 percent or more, with a focus on engineering and product.
Read Also: