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Twitter CEO Jack Dorsey. Photo: David Becker/Getty Images

No matter how much you've read about Twitter’s troubles, the platform is enjoying a burst of encouraging signs.

Driving the news: Twitter's Q1 numbers came in high today: 330 million monthly active users, 134 million visiting every day, and $787 million in revenue, beating analyst expectations.

Why it matters: When news happens, and when there's a major cultural event, Twitter is the second screen.

  • Twitter is building its key measurement around those spikes, focusing on daily active users, instead of monthly, and they're growing on that metric, particularly internationally.
  • But Twitter keeps getting criticized for brand safety during those spikes: Women and people of color face repeated harassment, fake news proliferates and the platform struggles to control propaganda and violence.

The big picture: Snapchat has more daily active users (186M). So does Instagram (500M for stories alone). And Facebook itself has 1.5 billion, The Verge notes.

  • That scale matters, especially for advertising.
  • It also matters for the future of Twitter. On the internet, at least, once you stop growing, you start shrinking.

Between the lines: "Twitter, which has a history of being slow to make changes to its service, has recently increased the pace of new product introductions," Bloomberg reports.

  • "Last month it opened access to its prototype app, called twttr, to test new ideas and get feedback."
  • "The company is also rolling out a Snapchat-like camera feature that lets users post videos or photos in a swipe."

P.S. Twitter CEO Jack Dorsey and President Trump met behind closed doors at the White House today, Motherboard first reported and a Twitter spokesperson confirmed.

"Jack had a constructive meeting with (POTUS) today at the president’s invitation. They discussed Twitter’s commitment to protecting the health of the public conversation ahead of the 2020 U.S. elections and efforts underway to respond to the opioid crisis."
— Twitter spokesperson

Go deeper

Updated 21 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments — Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: Biden admin withdraws temporary vaccine-or-test mandate for large employers — New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker

The Robinhood M&A rumor mill churns

Illustration: Sarah Grillo/Axios

Robinhood's valuation is now just over $11 billion, a fraction of where it traded in August and below that of its last private round of funding. Cue the M&A mongers.

Why it matters: It's not just Robinhood—falling values of growth-oriented tech stocks have raised speculation that formerly high-flying fintechs could be snapped up by more well-capitalized buyers.

1 hour ago - Health

Student's death renews calls for schools to stock opioid overdose drug

Photo: Amy Davis/Baltimore Sun/Tribune News Service via Getty Images

A Connecticut student's death has renewed calls for schools to stock and administer naloxone, a drug that can quickly reverse the effects of an opioid overdose.

Why it matters: U.S. drug overdose fatalities reached six figures in a 12-month period for the first time in November, and synthetic or natural opioids were the cause of a majority of the overdoses.