According to data released on Thursday, Twitter’s 3rd quarter earnings beat analyst expectations, on both top and bottom lines, yet user growth slowed significantly. The earnings report arrived just one day after Jack Dorsey, the company’s CEO, testified in front of\u00a0 the Senate Commerce Committee.<\/p>\n
Here are the key<\/a> numbers:<\/p>\n Ad revenue grew\u00a0 15 percent YoY, to $808 mil., and ad engagement grew 27 percent.<\/p>\n Jack Dorsey on Wednesday attended a Senate hearing where he was grilled by Republican senators Ted Cruz and Rick Scott, who pressed him on the New York Post censorship<\/a> issue.<\/p>\n In case you’re not up to date with the news, Twitter censored\u00a0 an article published by the NY Post, which accused the Biden family of corruption, pay for play issues during Joe Biden’s VP run and so on and so forth. Twitter also locked New York Post’s Twitter account for “spreading disinformation” or something along these lines.<\/p>\n During the Senate hearing, Jack Dorsey literally admitted to censorship mobs on Twitter and it appears he doesn’t actually has control over what’s happening on the social media platform.<\/p>\n Also, Dorsey denied that Twitter has the power to influence elections, which is rather strange considering the fact that the POTUS has a Twitter account with millions of followers, and Twitter made headlines recently about censoring\/shadow-banning users left and right.<\/p>\n CRUZ: "Does Twitter have the ability to influence elections?"<\/p>\n DORSEY: "No"<\/p>\n CRUZ: "If you don't think you have the power to influence elections, why do you block anything?" pic.twitter.com\/6N21uxDvjw<\/a><\/p>\n — Daily Caller (@DailyCaller) October 28, 2020<\/a><\/p><\/blockquote>\n\n
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