Thursday, April 25, 2024

Twitter is gaining more users, losing less money

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Twitter has updated us on the state of its business and, if you squint, you can almost see that things are picking up for the service. The company revealed that while revenues fell by $164 million, it managed to trim its quarterly losses down to just $62 million. By comparison, Twitter burned $167 million in the last three months of 2016 and $80 million in the same quarter last year.
Twitters also had a problem with perma-stagnant user growth, with the number of monthly users …
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