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Twitter says abuse reports have fallen by 16 percent

Twitter says abuse reports have fallen by 16 percent

Twitter Inc forecast first-quarter revenue that was below analyst estimates on Thursday and said the number of users fell in the fourth quarter, sending its shares down 6 percent in premarket trading. Twitter also has room to grow by converting people who use the site infrequently into daily users, she said, which would allow the company to boost its revenue without having to grow its overall user base.

It's likely that Twitter is revealing this new metric now to give investors a better idea of the company's growth.

However, the reveal is also giving investors and the general public a concrete idea of just how much smaller user engagement is with Twitter when compared to rival social networks.

Twitter has said it identified much less manipulation on its service during the 2018 USA midterm elections from bad-faith actors located overseas than two years earlier during the presidential campaign.

"2018 is proof that our long-term strategy is working", Jack Dorsey, Twitter's chief executive, said in a statement.

Now 321 million people use Twitter, as calculated on a monthly basis, down from 330 million a year earlier.




"We want to align our external stakeholders around one metric that reflects our goal of delivering value to people on Twitter every day and monetising that usage".

Twitter said it would stop disclosing monthly active users and switch to reporting active daily users instead. The company said it would no longer report the number of monthly active users after the first quarter.

The number of monthly active users actually declined from 326 million in the third quarter of 2018 to 321 million during Q4. It was the fourth quarter running in which Twitter's user numbers declined. The company expected a total revenue of between $715 million and $775 million for the first quarter of 2019; according to IBES data from Refinitiv, the midpoint of that figure range was below the average analyst estimate of $765 million. For instance, earlier this week Snapchat reported that it has stopped shedding users and is keeping the service afloat at 186 million daily users - but it's not clear how many of those daily users are monetised by Snapchat.

Twitter reported quarterly profit, excluding some items, of 31 cents per share. It makes about 90 per cent of its money from digital advertising.

The total revenue for 2018 exceeded $3 billion. The company also announced it earned $3 billion in revenue a year ago, a 25 percent increase from 2017.


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