Tech Brew Ride Home Thu. 04/28 – Twitter’s Last Ever Earnings Report?
Apr 28, 2022
Twitter's potential last earnings report reveals user growth but a revenue miss, coinciding with Musk's impending takeover. Meanwhile, Meta's performance raises eyebrows in the tech landscape. Apple faces fresh antitrust challenges in the EU, while Google empowers users to remove personal info from search results. In a surprising twist, the Central African Republic adopts Bitcoin as an official currency, despite internet access hurdles. The pandemic reshapes home design, pushing for more tech-friendly spaces.
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Twitter's Last Earnings?
- Twitter reported Q1 revenue of $1.2 billion, up 16% year-over-year, but below estimates.
- Monetizable daily active users reached 229 million.
Twitter's User Count Error
- Twitter overstated daily active users for three years due to counting multiple accounts tied to single users.
- This isn't the first time; a similar error occurred in 2017.
Meta's Q1 Performance
- Meta's Q1 revenue was $27.9 billion, up 7% year-over-year, but net income was down 21%.
- Daily active users reached 2.87 billion, a 6% increase.