Author Topic: Twitter made a profit  (Read 315 times)

Offline Fujitsu

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Twitter made a profit
« on: February 08, 2018, 08:12:35 am »
This is not a typo, Twitter made a profit!

After 12 years, a profit of $91 million dollars was made. Good news right? Well as an investor you are probably pretty happy, although they also revealed that they'd lost a million users in the US (which isn't good).

Regardless, they didn't lose money so maybe those million users they lost were just dragging them down! The Verge has more on this story.

   At nearly 12 years old, and after four years as a public company, Twitter has finally had a profitable quarter. The company said today that it made $91 million during the fourth quarter of 2017, whereas it lost $167 million this time in 2016. Twitter advised investors late last year that it was closing in on its first profitable quarter in large part by cutting costs.   Profitability isn’t the only good news for Twitter this quarter: its revenue also started growing again, rising to $732 million, up 2 percent from $717 million this time in 2016. During the rest of 2017, revenues had declined by 4 to 8 percent year over year. It’s not entirely clear what changed to reverse that, but it’s possible that advertisers were wary to spend money on the platform amid major harassment issues that Twitter began to address in a more serious way as the year went on.

Click here to read this article!