Hey Gotraders,
Tweet tweet. Incoming alert. Twitter has announced that it hopes to bring in revenues of $7.5 billion by 2023. This is more than double its 2020 revenue of $3.7 billion. So how exactly does the company plan to accelerate its growth exponentially? With innovation of course. Let’s take a look at some of the new features they plan to roll out in the coming weeks.
“Super Follow” will allow users to charge followers for access to exclusive content such as subscriber-only newsletters, videos, deals, and discounts. Followers will pay a monthly subscription fee to access the content.
“Revue” will enable people to publish paid or free newsletters to their audience.
“Twitter Spaces” will allow users to participate in audio chats. This feature will compete with Clubhouse, the new social media platform.
How does this affect me? Twitter is looking to monetize its app and find new sources of revenue besides advertising. There is a growing number of content creators who use tools like Patreon, Substack and OnlyFans to make money from their online popularity. Charging for content will not only benefit them, but also their most prolific users.
It looks like Twitter is trying very hard to keep up with the competition! The new features will bring them additional revenues. Twitter stock is up 41.32% year to date, trading at $77.06.
Ex-POTUS Trump would’ve loved the new features! Too bad his account is permanently suspended! 🤷
📈 Etsy crushes earnings expectations! 🚀
Etsy(ETSY) stocks rallied 11.48% to $220.27 after the company crushed Wall Street’s expectations and provided optimistic guidance for its current quarter! The company reported 29% revenue growth and added 61 million new and reactivated buyers to its platform in the fourth quarter. They beat both earnings and revenue expectations.
Earnings reported was $1.08 per share vs 59 cents expected. Revenue was $614.7 million vs $516 million expected. Impressive!
📈 Airbnb launches flexible search feature 🗺️
Airbnb(ABNB) has launched a flexible search feature on their platform to encourage people to take spontaneous trips! The feature enables people to look for homes or apartments to stay in, without placing a lot of importance on location. This would appeal to people who are simply looking to get out of their homes and have a change of scenery!
According to Airbnb’s CEO Brain Chesky, this feature would help to balance supply and demand. Airbnb would be able to direct travelers and show them available listings. It’s a win-win for all involved! Airbnb’s stock is up 13.34% following its announcement, trading at $206.35.
Top movers & shakers 🎢
What else is making headline news
AstraZeneca(AZN) has sold its stake in Moderna(MRNA) for more than $1 billion
Buffett is buying back more Berkshire(BRK.B) stock this year
Amazon(AMZN) is putting cameras in its delivery vans and some drivers aren't happy
Upcoming earnings for this week
Monday : Zoom(ZM), MercadoLibre(MELI), Nio(NIO), Lemonade(LMND)
Tuesday : Sea Limited(SE), Target Corporation(TGT), Box(BOX), Manchester United(MANU), Abercrombie & Fitch(ANF)
Wednesday : Snowflake(SNOW), Trip.com Group(TCOM)
Thursday : Costco(COST), Opendoor Technologies(OPEN), Gap(GPS), Telefonica SA(TEF)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
Signing out,
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The legal stuff 🤓
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