Twitter is screwed

London via sartorialist

Twitter have hit a wall.

The micro-blogging company’s active monthly users failed to grow at all in the fourth quarter (and actually dropped, according to some metrics) from the three months previous.

But it reduced its quarterly loss to $90.2 million, from $125.4 million a year earlier; shares fell in after-hours trading.

Then again, is this really a surprise? Of the top four social media platforms, Twitter is woefully behind on engagement (just 0.5% of total engagement across Facebook, Twitter, Instagram and Youtube).

CEO Jack Dorsey is attempting to revive Twitter, while also running his digital payments company Square. That’s right. He is working on Twitter part-time. 

So, to recap: the guy who was chairman of Twitter and could not revive it, is now trying to revive it as part-time CEO.

It’s over.

 

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Posted in: Infographic of the day

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