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BCCHardware.com => General Mayhem => Topic started by: Fujitsu on April 29, 2018, 08:08:51 AM

Title: Twitter profitable two quarters in a row
Post by: Fujitsu on April 29, 2018, 08:08:51 AM
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. (https://www.cnet.com/news/twitter-earnings-show-user-growth-despite-bot-questions/)

   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."

Click here to read this article! (http://bcchardware.com/index.php?option=com_content&view=article&id=17957:twitter-profitable-two-quarters-in-a-row&catid=67:other-news&Itemid=159)