Twitter stock jumped 12% as it unveils plan to double revenue by 2023

6:27 PM 25 February 2021

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: xStation5
Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits