Twitter admits to exaggerating the number of daily users for 3 years
According to TodayNation, Twitter has just admitted to exaggerating the number of daily users for 3 years, from 2019 to 2021 due to a problem with the system counter. This causes Twitter to inadvertently add up multiple active accounts of a single user, as well as count some long-discontinued accounts.
The above issue was raised by Twitter in its financial report for the first quarter of 2022 on April 28. The social networking platform admits to overcounting about 1.9 million users each quarter – a number big enough to make Twitter’s reports amplified.
This isn’t the first time Twitter has had a counter issue. In 2017, this social network also recorded a similar error when it overcounted 1 to 2 million users between 2015 and mid-2017.
However, for some people, the above number is not too small, because in fact, Twitter now has 229 million daily users, an increase of more than 10 million compared to the previous quarter. The platform’s revenue in the first quarter of 2022 reached $ 1.2 billion, up 16% compared to the same period last year. Profit also reached 513.3 million USD, 7 times higher than the same period in 2021. The result was much higher than many previous predictions of experts.
Twitter’s revenue forecast for the second quarter of 2022 is left open, because the American billionaire insists he bought Twitter not to make money.
This can be considered as one of the last financial statements of Twitter before the acquisition of billionaire Elon Musk is completed. At that time, Twitter will go from public company to private enterprise and do not need to openly share business data.
As the Musk acquisition is still ongoing, Twitter has now retracted its previous financial projections and targets. The platform’s revenue is therefore left open, because the American billionaire insists he bought Twitter not to make money.
This makes most Twitter employees concerned because harmful content will become more difficult to control under Elon Musk – a man who values freedom of speech.
“This is a really uncomfortable and uncertain time,” Edward Perez, a project leader in Twitter’s Health and Social group, wrote on his personal page. “Most of us deeply believe that Twitter is not only a technology platform, but also carries a deep responsibility to society. I hope Musk will understand this.”
Earlier, Twitter employees also expressed concern that Musk could influence the company’s policies in the future, especially regarding harmful content. This could undermine Twitter’s efforts over the years to become a sane platform.
“A lot of what Musk says is also what Twitter is doing, including making algorithms open source. However, he doesn’t fully understand their intricacies, or even can’t understand them,” a former Twitter director said.
Billionaire Elon Musk’s acquisition of Twitter and a looser approach to content moderation may lead to many conflicts.
In addition, according to observers, billionaire Elon Musk’s acquisition of Twitter and moving towards a looser approach in content censorship may lead to many conflicts, especially over new laws that the Union The European Union (EU) has just approved it to protect users against the risk of misinformation.
According to: TodayNation
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