Wall Street works on future expectations of growth. Therefore, spin on future growth becomes important for one’s stock price.
The spin machine went into overdrive yesterday as Twitter tried to cloak a massive drop in user growth from ‘America Firsters’ leaving the platform in droves, calling it a ‘pandemic-related’ issue.
“Looking ahead, the significant pandemic-related surge we saw last year creates challenging comps, and may lead to [monetizable daily active usage] growth rates in the low double digits on a year-over-year basis,” Twitter said in its earnings report.
The platform warned that the low point in growth will likely be in the second quarter, reported The Hill.
We have been writing frequently about our belief that the Silicon Valley heavyweights, those involved in the massive censorship (an Information Operation) over the last decade, have peaked. Their best days are behind them. Americans don’t want to be censored. They want to speak freely.
Twitter silenced a president duly-elected by the American people. Very simply, that is not okay, and they are voicing their anger with their feet, as they move to the plethora of new social media available to them.
Populists are building a new economy, and social media is at the vanguard of this movement, to get away from ‘woke capital’.
In the past few years, Twitter has been moving from reporting ‘user growth’ on a regular basis to a new metric of ‘monetizable daily active usage.’ They will most likely be able to pick up a lot of low-hanging advertising fruit to juice revenue off of a loyal following in coming quarters, but the simple truth is people are leaving Twitter in massive numbers.
At some point Twitter, and Wall Street will have to acknowledge they have committed economic suicide, by alienating half their audience.
Populists believe starving the corporate oligarchs is the best path forward to preserving the republic.