Twitter admits it overstated users for years ahead of Elon Musk takeover

Source: Axios

“Twitter on Thursday reported mixed first-quarter earnings, missing Wall Street expectations on revenue but adding users. … Analysts were expecting the tech giant to post weak results, given that its board finalized a takeover deal with Elon Musk this week. This could be Twitter’s last earnings report as a publicly traded company. … Twitter also said it accidentally over-counted the number of monetizable daily active users because of a feature that allowed people to link multiple separate accounts together in order to conveniently switch between them. It counted those two separate accounts as two users for more than three years. This isn’t the first time Twitter has admitted to over-counting its user base. In 2017, the company said it overstated its user base numbers for the previous three years.” (04/28/22)