Title: How Twitter Makes Money: advertising and data licensing
Headings: How Twitter Makes Money
How Twitter Makes Money
Advertising and data licensing are the major sources of revenue
Key Takeaways
Twitter's Financials
Twitter's Business Segments
Advertising Services
Data Licensing and Other
Twitter's Recent Developments
How Twitter Reports Diversity & Inclusiveness

Content: Once a user has created an account, they can post messages ("tweets") of up to 280 characters and up to 2,400 times per day, which are automatically distributed to followers in a feed that is constantly refreshed. 1 ﻿ 2 ﻿﻿﻿﻿ Twitter divides its revenue into two categories: the sale of advertising services, which constitutes the vast majority of the company's revenue, as well as data licensing and other services. 3 ﻿﻿﻿﻿ Twitter's major competitors include other social media companies like Facebook Inc. ( FB) and Alphabet Inc. ( GOOG ). Key Takeaways
Twitter is a social media company providing a platform for users to interact in real time. The company generated the vast majority of its revenue through advertising services in 2020. Twitter suspended the account of former U.S. President Donald Trump in early January after he made tweets that the company said risked inciting violence. Twitter's Financials
In its 2020 fiscal year (ended December 31, 2020), Twitter reported a net loss of $1.1 billion, a significant change from the net income of $1.5 billion generated in 2019. Annual revenue, however, rose 7.4% to $3.7 billion for the year. 4 ﻿ The net loss in 2020 was largely due to a $1.1 billion non-cash charge related to a provision for income taxes.