Friday, July 21, 2023

Sensor Tower: Threads' DAUs declined to 13M, down 70% from the July 7 peak; Similarweb: average time spend on Threads' app declined to four mins, down from 19 (Lindsey Choo/Wall Street Journal)

Lindsey Choo / Wall Street Journal:
Sensor Tower: Threads' DAUs declined to 13M, down 70% from the July 7 peak; Similarweb: average time spend on Threads' app declined to four mins, down from 19  —  Data show user engagement has fallen 70% as executives focus on options such as a chronological feed



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...