Author Topic: Twitter is still losing money  (Read 546 times)

Offline Fujitsu

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Twitter is still losing money
« on: February 10, 2017, 07:27:05 am »
The good news for Twitter is that in Q4 of 2016 they saw 1% revenue growth and 4% traffic growth. The bad news of course is that they lost money, $167 million dollars which accounted for a 12% profit loss. I guess they've figured out where to keep getting more money from but one would think this can't last forever. The BBC has the full story. 

   The social networking service reported a loss of $167m (£133m) in the final three months of 2016, as against $90m in the same period a year earlier.   There were 319 million active users, 4% up on a year earlier, but revenue from ads fell slightly to $638m.   Donald Trump's use of Twitter did little to boost users or add income.   Fourth-quarter revenues were $717m, 1% up on last year's $710m.

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