Much has been made of the stagnant growth of Twitter’s user base, and rightly so: The number of monthly active users worldwide on the social media platform grew by just 5% last year to 319 million, a worrying number when compared with the growth of [f500link]Facebook[/f500link]. And President Trump’s frequent use of the platform hasn’t done anything to boost sales, which slipped 5% year over year in the second quarter. But the company has been innovating its way toward possible solutions. Twitter Lite was launched in April to target emerging markets with patchy connectivity. Twitter is also moving to longer-form content. It announced 16 streaming-video partnerships in May, with companies like Buzzfeed and [f500link]Viacom[/f500link], and has been testing tweets with double the original 140 characters.
Internet Services and Retailing
San Francisco, Calif.
|Revenues ($M) (Past 12 Months)||$2,455|
|Profits ($M) (Past 12 Months)||$-448|
|Market Value as of Oct. 9, 2017 ($M)||$12,977|