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Users set to leave Twitter by the millions

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More than 30 million users are expected to leave Twitter, according to a new forecast.

More than 30 million users are expected to leave Twitter, according to a new forecast.

As concerns grow over tech issues and hate speech, Twitter is expected to lose 32 million users in the next two years.

The number of global monthly users is predicted to fall by nearly four per cent next year and five per cent in 2024.

This is all comes from an annual declines forecast by the market research agency Insider Intelligence.

As reported by The Guardian, a principal analyst at Insider Intelligence believes there won’t be one catastrophic event that ends twitter but users will start logging off as their frustrations grow.

The report anticipates that Twitter will lose more users in the US, its biggest market, than any other country.

Meanwhile In the UK, Twitter will lose about 1.6 million users over the next two years.

But overall the people logging off for good will come from the under-25 and over-45 age groups.

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China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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