Twitter closes the first quarter with revenues up 16% to $ 1.20 billion, below analysts’ expectations and announces the withdrawal of all previous targets and objectives. Net profit was 513 million.
Meanwhile, the social network is trying to reassure advertisers: the platform will remain a safe place for their brands after the acquisition by Elon Musk. The rush to calm fears, reports the Financial Times, follows the warning of the groups that organized the Facebook advertising boycott, according to which with Musk’s ‘fixation’ for free speech, the risk is that of an increase of abuse on Twitter. The company tweeting has written to advertising agencies explaining that they remain committed to ensuring their commercials don’t end up with or near offensive content.
Source: Ansa
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