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Twitter shares hit record high as it forecasts doubling revenue in 2023

Twitter said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users in 2023, sending its shares up more than 8 percent.

In an announcement ahead of its investor presentation Thursday, Twitter said it will increase the number of features it launches to increase revenue and users.

Twitter said in a filing it expects to reach at least 315 million monetizable daily active users (mDAU), or users who see ads, by the fourth quarter of 2023.

Twitter had previously refused to delete content connected to the farmers’ protests in India.

Category: Technology

Source: New York Post

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