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Twitter makes profit for first time since launching 12 years ago


PanARMENIAN.Net – Twitter finally made a profit for the first time since launching in March 2006. The social network announced that its profit in the last quarter of 2017 was $91 million against a revenue of $731 million. This is also the first time that Twitter has reported revenue growth in the past four quarters, BuzzFeed News reports.

While Twitter grew over the year, it didn’t add any new users since the previous quarter.

The company said that it has 330 million users — 68 million in the United States and 262 million internationally, up 2% and 4%, respectively, year on year. The company attributed the lack of quarterly user growth during to its clamp down on fake accounts

Full story: panarmenian.net

PanARMENIAN Network

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