SEC Asks Twitter Why It Doesn't Disclose Daily User Number
- Company says rate of growth more important than actual metric
- Twitter’s monthly user number stagnated in the second quarter
What Worries Investors About Twitter's Earnings
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The Securities and Exchange Commission has asked Twitter Inc. a question that many investors also have: why not disclose your number of daily active users?
Twitter reports the number of monthly active users, which stood at 328 million for two quarters. The company tells investors to focus instead on the percentage growth of people who use it daily, which has increased more than 10 percent in each of the last three quarters. But Twitter doesn’t say what that percentage represents.