3 Reasons Twitter Won't Double Its Annual Revenue by 2023

Twitter's (NYSE: TWTR) stock recently hit an all-time high after the social media company set bold three-year growth targets on its analyst day. It now aims to grow its mDAUs (monetizable daily active users) from 192 million at the end of 2020 to "at least" 315 million by the end of 2023.

It plans to double its number of features per employee that "directly drive" its mDAU or revenue growth, and believes those efforts will more than double its annual revenue from $3.7 billion in 2020 to "over $7.5 billion in 2023." That optimism clearly dazzled the bulls, but I'm not convinced Twitter can hit those lofty targets, for three simple reasons.

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Source Fool.com