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Twitter Censors But Earnings Trounce Estimates


(MENAFN - Baystreet.ca)
Twitter s (NYSE:TWTR) bold move of banning Donald Trump even if he is President again did not cost the company anything. Markets sent the Twitter stock to all-time highs instead. How may losing active users in the future hurt Twitter s prospects?
Twitter boldly banned Trump after the former President lost his power to do anything about it. But in the fourth quarter, it posted revenue growing 27.7% Y/Y to $1.29 billion. Monetizable daily active users, or mDAU, grew by 27% to 192 million.
The markets are predicting that the Trump user base will have no monetizable value in the future. Markets are also betting that not all followers will quit the site, either. That s a reasonable assumption. Still, the banning of the account and many others is disturbing. The company forecast breakeven earnings per share at best. ....

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NZ Privacy Commissioner critical of Facebook and Twitter's decision to ban Trump


NZ Privacy Commissioner critical of Facebook and Twitter s decision to ban Trump
9 Jan, 2021 09:00 PM
5 minutes to read
Following a speech from outgoing President Donald Trump, in which he vowed he would never concede , Trump supporters charged the US Capitol Building, rallying against the results of the November 2020 presidential election.
Following a speech from outgoing President Donald Trump, in which he vowed he would never concede , Trump supporters charged the US Capitol Building, rallying against the results of the November 2020 presidential election.
NZ Privacy Commissioner John Edwards has taken to social media to criticise social media platforms for banning US President Donald Trump. ....

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