The world of IT, tech and internet is a fickle place where your standing can seldom be firm. So the news that Twitter has not been able to make profit in the past few quarters is not very shocking. However the situation changed in the last quarter of 2017 when finally it started that Twitter earning revenue became possible and was able to gain a sizable amount while in the same quarter in 2016, it had losst it lost $167 million.
Twitter earning revenue
In 2017, the last quarter Twitter earned a profit of 91 million dollars. IT also announced that it will be closing its major quarter that made profit by cost cutting measures. However things seem to be in their favor as things got better in 2018 and quarter 1 is expected to close at a sizable amount of revenue too as its revenue also started growing again, rising to $732 million, up 2 percent from $717 million this time in 2016. During the rest of 2017, revenues had declined by 4 to 8 percent year over year.r
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Despite the profits, stats show that the micro-blogging social media site has been losing member, especially from the United states. There has been a drop in membership of Twitter as compared to social media giant Facebook. Even the subsidiaries of Facebook working under its umbrella like Instagram and Watsapp are thriving with more members join every day.
In the US the members dropped from 69 million to 68 million and the numbers are expected to drop more unless Twitter unleashes some cool new features. The Twitter officials blame the dip on the changes made in Safari App integrations. According to them the changes effected the good working of the website.
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In this Twitter scenario, it is difficult to decide what is best for the survival of TWitter. Let us know about your views by commenting below.
