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First Round LP Letter Q4 2015
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18 Source: Twitter reporting, Jackdaw Twitter Q4 2015 Earnings Deck

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18 Source: Twitter reporting, Jackdaw Research analysis
MONTHLY ACTIVE USERS
SPLIT BY TRADITIONAL MAUS AND SMS FAST FOLLOWERS
0
50
100
150
200
250
300
350
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
MAUs in millions SMS Fast Followers: Worldwide

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18 Source: Twitter reporting, Jackdaw Research analysis MONTHLY ACTIVE USERS SPLIT BY TRADITIONAL MAUS AND SMS FAST FOLLOWERS 0 50 100 150 200 250 300 350 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 MAUs in millions SMS Fast Followers: Worldwide

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