Twitter's Making 2020 a Big Investment Year
Twitter (NYSE: TWTR) built up some very strong momentum in 2019, exiting the year with 152 million monetizable daily active users (mDAU), up 21% from the end of 2018.
That's faster growth than its biggest rival in social media, Facebook, which grew DAUs less than 9% on its flagship platform and about 11% across its family of apps. Even Snap, which saw a resurgence in user growth in 2019, grew its user base more slowly, at just 17% for the year.
Twitter CEO Jack Dorsey attributed half of the 26 million mDAUs the company added last year to product improvements. In order to maintain that momentum, the company will invest heavily in improving its platform this year.
Source Fool.com
