2 ms·
> What is Twitter? * a purveyor of short announcements ("news-breaking tweets from politicians and celebrities") and shared content. [1] * a purveyor
by heresie-dabord 4y ago
> What is Twitter?
* a purveyor of short announcements ("news-breaking tweets from politicians and celebrities") and shared content. [1]
* a purveyor of advertising. "Twitter's revenues are mainly derived from advertising rather than its user base." [0] "Advertising services generated $4.5 billion, or about 89%, of Twitter's revenue in FY 2021. [...] Twitter generates most of its advertising revenue by selling promoted products, including Promoted Ads and Twitter Amplify, Follower Ads, and Twitter Takeover, to advertisers. [1]
* a speculative investment whose investors want to maximise profit. "Listed on the New York Stock Exchange for just under nine years, Twitter has posted a net loss every year, except 2018 and 2019 when it made a profit of just over $1 billion." [0]
* according to Musk, the product could be a "public platform that is maximally trusted and broadly inclusive [...] extremely important to the future of civilization." [0]
[0] https://www.barrons.com/news/can-twitter-become-more-profitable-under-elon-musk-01650998108 https://www.barrons.com/news/can-twitter-become-more-profita...
[1] https://www.investopedia.com/ask/answers/120114/how-does-twitter-twtr-make-money.asp https://www.investopedia.com/ask/answers/120114/how-does-twi...