Twitter just admitted a mistake with its user count, an area of the business that constantly frustrates the company's worst enemy — Wall Street.
Turns out Twitter had been overstating its number of users for the past three years by erroneously counting users of third-party apps into its total monthly actives. Twitter adjusted its numbers for the past three quarters as part of its third-quarter earnings report Thursday.
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Part of that admission means Twitter's user base shrank last quarter for the first time since 2015. The company had previously reported its user growth was flat at 328 million monthly active users but it was actually 326 million. So despite President Donald Trump's active use of the platform, it seems that more people aren't rushing to sign up for Twitter. Read more...
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