Thursday 9 February 2017

Trump's antics didn't help Twitter bring in more revenue

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Twitter isn't having a good moment. 

The microblogging site turned live video app brought in $717 million this past quarter, quite overwhelmingly missing analysts' expectations of $740.1 million. 

That's not good news for Twitter, which has had a contentious relationship with Wall Street due to stagnant user growth and an inability to turn a profit. Meanwhile, its similarly aged foe Facebook pulled in $8.8 billion in revenue over the same quarter.

At least Twitter added new users. A year ago, Twitter reported it had actually lost more users than it gained. Over the last three months, Twitter added 2.6 million monthly active users, bringing its total up to 319 million.  Read more...

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