Twitter (TWTR.US) stock jumped nearly 12% after the company revealed in an SEC filing, that it aims to at least double its annual revenue by 2023. This would lift Twitter revenue from $3.7 billion in 2020 to at least $7.5 billion. The company would like to double its development velocity by the end of that same year, which would require it to double the number of features each employee ships that directly drives mDAUs or revenue. The social media giant also plans to have 315 million monetizable daily active users by the end of 2023. According to the earnings report for the final quarter of 2020, Twitter had 192 million monetizable daily active users. CEOJack Dorsey has said his firm will explore a number of options, including a subscription service and tiered payments for additional features.
Twitter (TWTR.US) stock hits record high at $80.64 after it revealed long-term growth plan. However buyers failed to uphold momentum and price pulled back. Nearest support lies at $74.73 level. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.