Twitter CEO Jack Dorsey made a statement to CNN about the financial report they released in the morning. Stating that they are in search of new products after the 23% decrease in advertising revenues, Dorsey stated that the paid subscription system may come.
Twitter, one of the most popular social media platforms in the world, published its 2020 second quarter financial report in the morning. According to reports, Twitter’s advertising revenues have decreased drastically. This decline is around 23 percent compared to the same period last year.
In the USA, the biggest market of Twitter, advertising revenues have decreased by 25 percent. Twitter cites the coronavirus epidemic and internal turmoil in the US as the reason for this decline.
Twitter CEO Jack Dorsey made some statements to CNN regarding the issue. Dorsey stated that they will perform some paid subscription tests this year and this pricing will be a bit high. Jack Dorsey did not share detailed information about the paid subscription plans they were working on for the platform.
Jack Dorsey did not only explain to CNN about the paid subscription system. Speaking about the biggest cyber attack in Twitter history, which happened in the past few days, Dorsey stated that they felt terrible because of the incident. Stating that there is no end to security, Dorsey stated that they will now care about security more and will tighten their efforts on this issue.