"Elon Musk, not Elon Musk, the company still has to grow."
Twitter Inc. internal sources noted the company’s readiness to implement plans to boost its user growth during the quarter.
It is believed that the matter was done to achieve its best quarterly growth target recorded in 2020, after experiencing a sharp decline in share prices of late.
For the record, Twitter’s highest user growth record was 20 million users in the 2nd quarter of 2020, when the Covid-19 outbreak struck forcing users to socialize in cyberspace.
Moreover, the Russia-Ukraine crisis also helped its excellent record in the first quarter of this year before it dropped 4% to 8.5 million users during the last quarter.
According to the internal source, Twitter aims to reach 13 million users by growing daily active users that can be monetizable (monetizable) or increase the number of users who see advertising.
It’s at once in line with the company’s aspirations and Wall Street’s expectations of setting an average growth projection of 9 million.
The source added that Twitter will continue with the plan even though it is still stuck with the issue of the acquisition agreement by Elon Musk which remains pending until now.
Among the new issues is Musk's threat to end the acquisition deal because Twitter is said to be trying to block the millionaire's right to receive company information.
Meanwhile, Twitter shares have soared 1% during the middle of the trading session in New York.
