Latest in Twitter

UPDATED with official confirmation. Twitter CEO Jack Dorsey is stepping down from the exec post but will remain a board member at the social media firm until 2022. Parag Agrawal, Twitter’s chief technology officer, was named Dorsey’s successor. A Twitter staffer for more than a decade, he has been CTO since 2017. The…

Twitter hit 211 million daily active user last quarter, up 13% from a year ago. In the U.S., daily active users stood at 37 million. Advertising was robust. Shares jumped nearly 4% in after-hours trading. Revenue of $1.28 billion was up 37%. Twitter sales are advertising based and saw U.S, total sales up 45% to $742…

Twitter said Monday that it has agree to settle a consolidated securities class action lawsuit brought against in 2016 that if approved will see the social media giant pay out $809.5 million. The suit, which originated in 2016 in U.S. District Court for the Northern District of California, claimed Twitter violated…

Twitter has finally rolled out ‘Super Follows’ to a small group of U.S. users, allowing them to offer a range of monthly subscriptions for “an extra level of content and conversation.” It first introduced the feature over the summer when it started taking applications – it said thousands applied — and choosing a…

First, a reality check: We are living in a state of social and sexual angst, and nothing can be written about it without further raising the tension level. Everyone seems permanently pissed off. I find myself thus avoiding these topics, but certain mundane questions still nag at me. Who actually takes the time to…

Series like Grey’s Anatomy, Sex Education and The Bachelor are making waves on social media, even before they touchdown this fall for their latest iterations. On Monday, Twitter revealed the top ten most-tweeted about series. From May 31, 2021 to August 9, 2021 Succession and This Is Us took the ninth and tenth…

Rich Sullivan, who held top finance roles at Twitter, STX Entertainment and DreamWorks Animation, was named chief financial officer of saving and investing app Acorns as it preps for an IPO. The app – full name Acorns Grow – has more than four million subscribers and has helped them invest more than $9.6 billion…

Twitter has suspended the account of Rep. Marjorie Taylor Greene (R-GA) for spreading misinformation about the Covid vaccine. Greene had tweeted that the vaccines are “failing,” and that the Food and Drug Administration should not give its approval. She cited the spread of Covid among even fully vaccinated people. A…

Twitter exceeded Wall Street forecasts in the second quarter despite a slight downturn in users compared with the previous quarter. Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations. The company’s daily active user base was 206 million as of the June…

Donald Trump held a press conference on Wednesday to announce class action claims against Facebook, Twitter and Google, along with their CEOs, after the companies suspended or banned his accounts following the Jan. 6 insurrection. “I’m filing, as the lead class representative, a major class-action lawsuit against the…

Donald Trump is not known for doing things quietly, but a new social media enterprise led by one of the former president’s closest advisers debuted late Wednesday night. Trump’s former senior adviser, Jason Miller, is behind the site, which is called Gettr. Mediaite reported Wednesday night that he stepped away from…

UPDATED at 5:40 p.m.: Chrissy Teigen had strong words for designer and former Project Runway contestant Michael Costello. Costello accused Teigen earlier this week of bullying him and trying to destroy his career. Teigen wrote on Instagram Friday that she was “surprised and disappointed” by Costello’s allegations and…