Twitter's Confession on User Numbers

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Twitter reported first quarter earnings. Revenue and user numbers were both up. But the social media company had something else to say about user numbers. It admitted that it overstated them for the last three years. And it's not the first time. The company's in the midst of a deal to go private in a sale to teslas yo elon musk.

The US dollar surged to its highest level in two decades on Thursday, the US economy contracted unexpectedly in the first quarter, Twitter admits an ‘error’ in audience figures for the past three years, and Amazon shares fell after the company said it expects revenue growth to remain sluggish.

Mentioned in this podcast:

Falling sales and high costs weigh down Amazon earnings

US economy contracts for first time since mid-2020

Dollar surges to highest level in 20 years

Twitter admits overstating audience figures for 3 years

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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