Twitter is most famous for real time news events and feeds and unlike Facebook, it is less preferred when it comes to be in touch with friends.
After reporting dim results this week, Twitter which is a micro-blogging website is no longer categorized as social networks like Facebook and is now categorized in the Apple’s App Store as the “news” section.
Starting from today, Twitter is categorized in the ‘news’ section of the App Store instead of ‘social networking’. This change makes a lot of sense and now fits with as how Twitter is positioned and how it is being used.
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It’s about following people who share things you find relevant and interesting, whether you know them or not.
Twitter Moments was one the biggest new features the service has launched in the past year and it showing again its focus squarely on curating the best commentary surrounding current events.
This is probably the best thing happened with Twitter as this change has helped gain more visibility and now becoming the best free app in news category.
Twitter shares fell about 12 percent after the micro-blogging website missed the first quarter revenue estimates this week – which managed to add 5 million people to take its monthly active user base to 310 million.
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The company had posted $595 million revenue in the first three months ending March 31. It was up by 36 percent from $435.9 million in the same quarter of last year but missed the expected $607.9 million on average among analysts.
Twitter posted $79.7 million net loss as compared with earlier year loss of $162.4 million.
Twitter CEO Jack Dorsey is focusing on improving the service to make it simple, fast and easy to use.
Twitter has predicted revenue between $590 million and $610 million for the second quarter-much lower than the $678 million as expected by analysts.
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The engagement on Twitter is growing and direct messages have increased by 50 percent year-over-year and tweets shared by direct message are increased by more than 75 percent quarter-over-quarter.
Twitter’s stock has fallen over 20 percent this year amid sluggish growth.