Twitter plans to at least double annual revenue and hit 315 million or more daily active users in 2023, the social media giant said Thursday ahead of an investor day set for noon ET. The daily active users (DAU) figure reps a 20% compound annual growth rate from the 152 million reported in the fourth quarter of 2019. The goal is to see sales jump to $7.5 billion from $3.7 billion in 2002 by growing audience and gaining advertising market share in both brand and direct response. The new targets buoyed Twitter shares which jumped as much as 12% to a record intraday high of $80.75. They’re trading up 9% late morning, outpacing the broader market and the rest of the tech sector. The tech-heavy Nasdaq is down 1.2%. DJIA is down by about 160 points. CEO Jack Dorsey will kick off the event, which will focus on “Healthy Participation” in consumer product priorities, policy and enforcement as well as financial metrics and faster development. Content moderation has become a … [Read more...] about Twitter Stock Hits High On New Revenue, User Goals
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‘Avengers: Endgame’ Mows Down ‘Long Shot’, ‘Intruder’ & ‘UglyDolls’ With $145M+ Second Weekend, Crosses $600M In Record Time
5th Update/writethru Sunday AM: Following Saturday and Friday posts, refresh for Sunday chart and more analysis. Why did three studios book new titles against Disney/Marvel’s Avengers: Endgame ‘s second weekend? They truly believed they were counter-programming the monster hit and could somehow survive: Lionsgate’s Long Shot with females, The Intruder with African Americans, and STXfilms’ foray into feature animation UglyDolls aimed at young girls. They knew what they were doing and blaming Endgame –which Disney is calling at $145.8M, the second-best second weekend ever after Star Wars: Force Awakens’ $149.2M)–is like saying the dog ate their homework. One B.O. analytics source even cynically opines to us, “It’s quite conceivable that even without Endgame , none of these films would have performed.” Endgame can celebrate that it’s crossing $600M in a record 10 days today with $619.7M, faster than Force Awakens (12 days), Infinity War (26 days) and … [Read more...] about ‘Avengers: Endgame’ Mows Down ‘Long Shot’, ‘Intruder’ & ‘UglyDolls’ With $145M+ Second Weekend, Crosses $600M In Record Time
Rep. Jim Clyburn Angry Rioters Found His Unmarked Office, More Evidence of Inside Job
Exclusive Getty There's more evidence that the insurrectionists who stormed the Capitol had inside help. TMZ broke the story ... the FBI believes there are people who work in the Capitol who may have assisted rioters in navigating the building ... in many cases without resistance. Getty Congressman Jim Clyburn had his office looted ... we know an iPad was stolen. We're told the Congressman, who has been sharply critical of Trump , is angry that the rioters found his office, which does NOT have a nameplate ... the door is unmarked, yet the rioters somehow picked that door as opposed to hundreds of others. High-ranking Capitol police sources say Clyburn and other members believe someone from the inside must have helped located key offices. Shutterstock Premier As we reported, the FBI is especially suspicious of the way rioters zeroed in on Speaker Nancy Pelosi 's office. It's virtually impossible to find in the maze, yet the rioters … [Read more...] about Rep. Jim Clyburn Angry Rioters Found His Unmarked Office, More Evidence of Inside Job
Capitol Police Only a Fraction of Cops On Duty, Chief Resigns
Play video content Exclusive 1/6/21 Storyful 3:55 PM PT -- It was just announced that U.S. Capitol Police Chief Steven Sund will resign, effective January 16. The U.S. Capitol Police Dept. may have been able to thwart Wednesday's attempted coup if it had all hands on deck, but we've learned they had less than ONE-QUARTER of the force working ... despite multiple, clear warnings the protest could turn violent. Capitol Police sources tell TMZ ... 500 officers were working Wednesday as President Trump revved up the huge crowd of his supporters upset over the election results -- giving them their marching orders with the Capitol as the final destination. Trump has been dog-whistling for weeks now, promising something big would happen on January 6. With that backdrop, the Capitol Police are 2,200 strong, yet only 500 were on duty. The way it works in most police departments around the country ... when there's the possibility of social unrest it's all … [Read more...] about Capitol Police Only a Fraction of Cops On Duty, Chief Resigns