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Why Twitter is flying in 2021

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Twitter is doing better than analysts are expecting, even though it’s banned one of its best content makers.

With President Trump out of the White House and off the platform, investors were worried it would hit the social media company’s bottom line.

But that’s not to be – net profit for Twitter was $66 million.

Twitter posted better-than-expected results for the recently ended quarter with gains in revenue, profit and its user base, sparking a rally in shares of the messaging platform.

The social giant beats Wall Street expectations

Net profit was $US66 million on revenue that surged to $US1.19 billion

That compared to a loss of $US1.38 billion in the same quarter a year earlier, according to the San Francisco-based tech firm.

The closely watched figure of “monetizable” daily users rose to 206 million in the quarter, an 11 percent increase from the same period last year.

More people are Twitting than ever before

Twitter said in its statement that more people were on the platform as a result of “ongoing product improvements and global conversation around current events.” 

Market watchers had been concerned that the departure of former US President Donald Trump from the platform and the lack of election-year frenzy might cause use to ebb.

Twitter shares were up more than 6 percent in after-market trades that followed the release of the earnings figures.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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