Twitter Considering Subscriptions as Revenue Fails to Keep Pace With Growth

The social site's user base is growing, but advertising sales took a severe hit during the pandemic | Twitter stock rose 5% in pre-market trading after the announcement. Pixabay Share | Share Twitter reported record user growth in the second quarter of 2020, but its revenue fell short of industry estimates. The company reported 186 million monetizable daily active users (mDAU)—or daily users who can view ads—an increase of 34% year over year for the same quarter. It was the “highest quarterly year-over-year growth rate we’ve delivered,” Twitter CEO Jack Dorsey said in a statement. In all, Twitter has added 20 million users since last quarter. But the company struggled to meet revenue...