Twitter welcomes more users but finds it harder to make money

Twitter has today announced its results for the second-quarter of 2022, saying that it has seen a sharp rise in the number of regular users. In the last three months, Monetizable Daily Active Users (mDAU) climbed from 39.6 million to 41.5 million, while global reach leapt from 189.4 million in April to 196.3 million today. Unfortunately, those increasing user figures did not see a boost in the company’s bottom line, and revenue was $1.18 billion, which is slightly down both year-on-year and quarter-on-quarter.