Twitters

Twitter’s Soaring User Base Masks Critical Problems

(Bloomberg Opinion) — Users continue to flock to Twitter Inc.’s social media platform, but that doesn’t necessarily make it any better of an investment for shareholders.

Early Thursday, Twitter posted strong audience growth for its second quarter. Its key user metric — average monetizable daily active usage — came in at 186 million for the three months ended in June, up 34% from a year earlier and handily beating the 174 million average analyst estimate. Second-quarter revenue, however, was below Wall Street expectations at $683 million, a decline of 19% from a year earlier. 

The stock got an early boost on the user numbers, which were, admittedly, stellar. But the drivers that helped boost its audience may be temporary. The company itself cited the extraordinary historic nature of the June quarter in its investor letter: “The year-over-year increase in mDAU was primarily driven by external factors, such as continued shelter-in-place

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Has Twitter’s cancel culture gone too far?

The latest celebrity to enter the social discourse surrounding online cancellation: Nick Cannon.

The comedian’s name trended on Twitter Wednesday after he was fired by ViacomCBS over “hateful speech.” The news added fuel to the debate over whether holding celebrities accountable for their opinions has gone too far.

Some argued that the host of “Wild ‘n Out,” which airs on VH1 and MTV, should be “canceled,” which often entails boycotting a famous person’s work. Others questioned: “What happened to Freedom of Speech?

Twitter has become a powerful court of public opinion and “cancel culture” plays a role. The phenomenon occurs when people get upset about something that a company or person has done or something they have said. It also can be divisive with opposers saying threats of cancellation stifles free speech.

Getting “canceled” can mean being removed in many ways. In recent weeks, episodes of “Live PD”

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