Twitter’s Online Audience Hits 114 Million as It Struggles
Twitter maintained its position as one of America's most visited sites, even as it struggles to gain revenue continue.
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Twitter Inc. (NYSE: TWTR) maintained its position as one of America’s most visited sites, even as it struggles to gain revenue continue. The social media site had 114 million visitors in March.
The data come from online research firm comScore, which releases information about visits to sites as a measure of U.S. internet activity. It covers both desktop and mobile audiences.
Twitter placed 15th on the comScore list, compared with second-place Facebook Inc. (NASDAQ: FB), which had visits of 207.4 million, and LinkedIn Corp. (NYSE: LNKD) at number 12 with 122.7 million. Each of these companies has a large revenue base that shows the extent to which it has capitalized on its size. Twitter is famous as a firm that cannot match that transition.
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Last year, Twitter’s revenue was $774 million, compared to $547 million in the year before. While the growth rate was impressive, the relative size of the revenue was not, compared to the other largest social networks. And investors sold off the stock, in large part because Twitter’s guidance for first-quarter revenue was modest.
Investors continue to believe that Twitter’s business has started to die, despite its 114 million U.S. visitors.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
