Twitter’s sudden and steep growth in its daily active users
While Twitter (NYSE:TWTR) is still dwarfed by Facebook‘s (NASDAQ:FB) social networks, including the core Facebook app, Messenger, WhatsApp, and Instagram, Twitter notably has a key place among the world’s top social networks. And a recent reacceleration in Twitter’s user growth suggests the social network may still have lots of room to grow.
But exactly how many users does Twitter have? 328 million monthly active users as of last count, making Twitter the ninth largest social network in the world.
Perhaps the most notable metric for investors to turn their attention to is Twitter’s sudden and steep growth in its daily active users, which management happily pointed out in the company’s first-quarter earnings release. “Average daily active usage grew 14% year-over-year, an acceleration from 11% in the fourth quarter, 7% in the third quarter, 5% in the second quarter and 3% in the first quarter of 2016,” Twitter said.
Click on either image for complete article Courtesy Motley Fool.