Twitter Inc (NYSE:TWTR)’s hard times are not seeing an end. In a latest development, it is revealed that out of 284 million Twitter Inc (NYSE:TWTR) users, around 24 million are not active users. An article on Business Insider claimed that there are more than 741 million Twitter users who opened the account at the famous social media platform but never came back. These are devastating stats from Twitter. A few weeks ago, Twitter Inc (NYSE:TWTR)’s top official freaked out in an interview when he was asked about the comparison of Twitter Inc (NYSE:TWTR) users and Instagram users. The recent numbers are coming from Twitter’s SEC report.
The source said that many Twitter Inc (NYSE:TWTR) users are bots. Most of the small businesses and companies have opened Twitter accounts and they have linked them to the blogs. The level of active user participation and sharing is coming down, so is the stock price. Twitter stock is plummeting big time. It came down from $55 to $38 within two months. There are reports that investors are asking Twitter Inc (NYSE:TWTR) CEO Dick Costolo to step down as he has been completely unable to manage the things. The product curve is also going down.
Twitter Inc (NYSE:TWTR) is reorienting itself as a news service. The source quoted a Twitter Inc (NYSE:TWTR) spokesperson who said that millions of Twitter users are passive users, they retrieve the news and information. It is also important to note that more than 11.5% Twitter Inc (NYSE:TWTR) users connect to the social website through third party websites and services. Twitter insists that these so called ‘inactive’ users are real users.
John Thaler’s JAT Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR).