Twitter profitable two quarters in a row

Somehow Twitter remained profitable for a 2nd quarter in a row. Not going to lie, I didn't see this one coming after Twitter lost money for many years consecutively but seems to have at least temporarily stopped the bleeding. CNET has the full story.

The company, meanwhile, has had a hard time finding growth, both in terms of profits and in terms of users. So its latest numbers may offer a ray of hope.

For the quarter that ended March 31, Twitter counted 336 million users who log in at least once a month. That's less than a sixth of the more than 2 billion that Facebook counts, but it's up from 330 million in the final quarter of 2017.

The question is whether that'll amount to anything more than a blip. In a March note to investors, analysts at Oppenheimer Equity Research declared that even if Twitter regains user growth momentum and increased advertising, "long-term utility" is "still unknown."