Twitter CEO Says 80 percent of Advertisers Renew

Sarah McBride and Alexei Oreskovic: >Costolo said the company counts roughly 600 advertisers, up from 150 advertisers at the end of 2010. and: >The company is expected to bring in about $150 million in ad revenue this year […] Do take note that in December they *raised* 200 million dollars in VC money, yet they…

Sarah McBride and Alexei Oreskovic:

>Costolo said the company counts roughly 600 advertisers, up from 150 advertisers at the end of 2010.

and:

>The company is expected to bring in about $150 million in ad revenue this year […]

Do take note that in December they *raised* 200 million dollars in VC money, yet they are set to make *only* 150 million of that back this year. Add to that the fact that they had 450 less advertisers last year and it makes this last statement even more comical:

>Costolo declined to answer a question about whether Twitter was profitable.

Note: This site makes use of affiliate links where and when possible. These links may earn this site money when utilized. 

BECOME A MEMBER

Join Today, for Exclusive Access.


Posted

in

by