Twitter's earning more money than ever, but new users just aren't coming

After three profitable quarters in a row, Twitter has finally proven to investors it knows how to earn money. Unfortunately, it hasn't proven it knows how to keep its user base from declining. 

In its Q2 2018 letter to shareholders, Twitter said it recorded a $100 million of net income and $711 million in revenue, a 24% year-over-year increase. 

However, despite an 11% year-over-year growth in daily active users (the company did not provide an exact figure for this metric), Twitter had 335 million total average monthly active users (MAUs), down from 336 million in the previous quarter. 

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