Twitter profit falls but company dodges impact of iOS 14 privacy changes"Although retooling our revenue products in light of Apple's privacy-related iOS changes took additional time, energy, and resources in 2020 and 2021, we believe that our product improvements have helped reduce the impact on Twitter"
What you need to know
Twitter posted its earnings on Thursday.
The company's profit fell due to increased expenses.
However, the company says it was able to avoid some of the impact of Apple's iOS 14 privacy changes.
Twitter posted its earnings on Thursday, revealing a drop in its profits versus expectations, however, the company says that it was able to avoid much of the impact caused by changes made to privacy in iOS 14 that have really impacted Facebook.
In its Q4 2021 earnings, Twitter revealed that it brought in around $1.5 billion in revenue, a huge chunk of which is advertising revenue. Twitter says that it now has around 217 million monetizable daily average users and that it is buying back some $4 billion worth of its shares.
Despite pr...
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Twitter profit falls but company dodges impact of iOS 14 privacy changes
