Connect with us

Business

Users set to leave Twitter by the millions

Published

on

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.

Continue Reading

Business

TikTok could be banned in the United States

Published

on

TikTok in the firing line after Chinese balloon was shot down

 
China has hit back at the U.S. after officials shot down a suspected Chinese spy balloon off the coast of South Carolina.

Washington says it was being used to monitor strategic sites.

But Beijing rejects this – claiming the balloon was a civilian airship used to monitor the weather.

The incident is just the latest in a long line of diplomatic disputes between the two countries.

Now, TikTok could be banned in the U.S. in the wake of the incident.

Republicans are now pushing for Washington to distance itself from the Beijing-based app. #trending #featured

Continue Reading

Business

Companies to pay extra for verified Twitter accounts

Published

on

Elon Musk has announced that companies and brands will have to pay $1,000 per month – plus an additional $50 per sub-account – to get verified check-marks on Twitter

The new pricing falls under the new Twitter Blue for Business service.

Within the next few months, only paying Twitter customers will have verified status.

Twitter has stacked on $12.5 billion in debt, and this move hopes to increase subscription revenue to meet Musk’s obligations.

Advertisers halted spending on Twitter after the takeover, but Twitter has since announced partnerships with two brand-safety vendors to win back marketers.

Musk also announced that Twitter would start sharing ad revenue with creators for “ads that appear in their reply threads”, but didn’t provide further detail.

Continue Reading

Business

BMW to invest €800 million in Mexico

Published

on

BMW is set to invest €800 million in Mexico, to produce its next generation of high-voltage and fully electric batteries

 
The carmaker is looking to convert more than half of its sales into all-electric cars by 2030.

Construction will begin next year with production beginning in 2027.

The announcement follows several other major expansions from the automaker in recent months, including a $1.7 billion investment in the United States.

The move will add around 1,000 new jobs to its Mexico operations.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD