Twitter CEO Jack Dorsey Meets With Trump

  • Twitter CEO Jack Dorsey Meets With Trump

Twitter CEO Jack Dorsey Meets With Trump

Revenues for the first quarter climbed by 18% to $787m (£605m), beating Wall Street forecasts of $776m.

Operating expenses rose 18% to $693 million.

Twitter's monthly active users dropped by 6 million from this time past year to 330 million, but were up by 9 million compared with the previous quarter. These are users who log into the site at least once a day and see advertisements on the platform.

In October, Trump wrote that "Twitter has removed many people from my account and, more importantly, they have seemingly done something that makes it much harder to join - they have stifled growth to a point where it is obvious to all". These monetizable daily active users (mDAUs), which are defined as Twitter users who logged in or were otherwise authenticated and accessed the platform on any given day through its website or apps that are able to show ads, have surged a solid 11 percent year-on-year, to 134 million in the January - March 2019 timeframe.

Enberg said the move to use monetizable daily active users - those seeing ads on the platform - leads to a "value proposition to advertisers" to reach "a committed though not very large user base when compared with other social platforms".

But Twitter long has explained that follower figures fluctuate as the company takes action to remove fraudulent spam accounts. Hours before sitting down with Dorsey, Trump had singled out Twitter for playing "political games" with his almost 60 million follower count.

And Twitter said Tuesday that about 38 percent of abusive content is now being found through technology and flagged for human review, up from none a year ago. Big complaints from many people.

"No wonder Congress wants to get involved - and they should", he wrote on Twitter.

He added that Twitter aims to become "more conversational" and has launched a prototype for a new app called "twttr", with the goal of "making conversation on Twitter feel faster, more fluid and more fun".

The Twitter boss said he anticipated some of his staff wouldn't be happy about the meeting but wrote: "In the end, I believe it's important to meet heads of state in order to listen, share our principles and our ideas".

Twitter's stock is up 20 per cent so far this year, outperforming the broader market but lagging behind social media peers.

Share opened 8 per cent higher Tuesday. Profit excluding certain items was 37 cents a share, compared with the average analyst estimate of 15 cents.