Twitter, the American microblogging and social networking service, has acknowledged overstating its user base by 1.9 million in the last three years.
This was revealed in the company’s Q1 2022 financial report, which was released.
The news comes only days after Twitter’s board of directors approved Elon Musk’s $44 billion takeover bid.
Twitter claims that an “error” in Q1 2019 led to an overestimation of its monetizable daily active usage or users (mDAU). This went unnoticed for three years, according to the business.
This error may put Twitter in an even more difficult position with its advertising.
In the first quarter of 2022, the corporation made $1.2 billion in revenue.
Twitter’s monetized daily active users, its own unique metric for gauging its audience, came in stronger than expected at 229 million (presumed to be the actual figure after an adjustment for prior inaccuracy), with a year-on-year increase of 6.4 percent in the US and 18.1 percent worldwide.