Twitter Finally Made Money For the very first time In 12 Years

Twitter finally made a profit for the very first time since launching in March 2006. The social network announced of which its profit inside the last quarter of 2017 was $91 million against a revenue of $731 million. of which can be also the very first time of which Twitter has reported revenue growth inside the past four quarters.

While Twitter grew over the year, the item didn’t add any brand-new users since the previous quarter. The company said of which the item has 330 million users — 68 million inside the United States along with 262 million internationally, up 2% along with 4%, respectively, year on year. The company attributed the lack of quarterly user growth to its clampdown on fake accounts. As a point of comparison, inside the last quarter of 2016, Twitter added 1 million users.

Twitter spent the second half of 2017 explaining how Russian accounts along with bots used its service to influence the 2016 US presidential election. along with earlier of which year, the item had a high-profile executive departure when COO Anthony Noto, the most powerful executive inside the company besides CEO Jack Dorsey, stepped down to head San Francisco-based finance company SoFi.

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