Twitter on sale
By Rabindra Dhungel, 17 september 2020. Popular social media Twitter with 300 million active users is on sale. The talk of selling Twitter, which has dominated the micro-blogging world for a decade, has brought a wave to the global internet market. Since this year, Twitter has stepped up discussions with its potential customers.
Why sell?
Twitter, which has been aggressive in the social media market since 2006 through Twitter Inc., is now one of the 10 most used websites and internet platforms in the world. Twitter managed to make 140-word limit micro-blogging an identity. Twitter has helped millions of small and large businesses around the world succeed. The 140-word tweet has become a very effective weapon around the world political and economic events.
Despite gaining popularity, Twitter did not make money. Twitter’s revenue did not look encouraging as other competing social platforms jumped into the market. Twitter, which has been trading at a loss since its inception, has not been able to turn a profit on its ‘sponsored tweets’, advertising and ‘partnership’ business modalities. That’s why Tweer Management has reached the point of sale.