Twitter attracts many new users during 2020 thanks to Corona

Yesterday, Thursday, the American social networking site Twitter revealed that it had 199 million daily active users in the first quarter of this year.

And he indicated in his earnings report for the first quarter of 2021 that this represents an increase of nearly 20%, compared to 166 million users a year ago, according to the site “Engadget”.
The report also indicated that Twitter grew faster outside the United States over the past year; The number of active daily international users increased from 133 million in the first quarter of 2020 to 162 million in the last quarter, which represents an increase of 22%.

Twitter explained these increases thanks to people talking and arguing with them constantly on its platform about the continuation of the Corona epidemic around the world, as well as about the US presidential elections, which witnessed the incident of storming the Capitol building in the American capital, Washington.

The increase in “Twitter” users translated into a similar increase in its revenues, as the total revenue of the first quarter reached 1.04 billion US dollars, an increase of 28% year-on-year, while its net profit reached 68 million US dollars, after recording a loss of 8 million dollars last year.

But Twitter warned in its report that the faster growth in the number of users it saw in 2020 would likely mean that users would not grow nearly as quickly in 2021, and said in its message to shareholders that the “big epidemic-related boom” in 2020 might. Leading to low double-digit user growth rates year-on-year for the rest of 2021, with the lowest growth expected for the next quarter.