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Twitter Turns First Profit Ever, but Problems Remain The company isn't alone in dealing with abuse, fake accounts and attempts by Russian agents to spread misinformation. But with its troubles compounded by a revolving door of executives and stagnant user growth, Twitter has been facing questions about just who's minding the store. Every time Twitter ...
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Twitter's business is finally growing again, but its audience isn't. Maybe that's OK. Twitter's business is like a seesaw. One side goes up and, as if by design, the other side goes down. In the fourth quarter of 2017, Twitter's revenue declines finally went away, yet now its audience growth struggles have returned. But are things actually looking up for Twitter? Investors love Twitter again — but their excitement could scare off any potential buyers - Business Insider
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Twitter turns first profit ever, but problems remain NEW YORK (AP) — Twitter beat Wall Street's cautious expectations with its first quarterly profit in history, but that isn't going to solve the company's broader problems any time soon. The company isn't alone in dealing with abuse, fake accounts and attempts by Russian agents to spread misinformation.
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Twitter made a profit by cutting costs, not by growing its business Twitter is finally making some money. After nearly 12 years, the company reported its first-ever profitable quarter: It made $91 million in the last three months of 2017. Investors loved the flip, and Twitter stock is up almost 16 percent. But it didn't get there by growing its business. It got there by cutting costs.
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LIVE: Here come Twitter's earnings However, the company also said that it had identified an error in the way it calculated monthly active users going back to the fourth quarter of 2014. The company lowered its previously reported user numbers by 1 million for the fourth quarter of 2016 and by 2 million for the first two quarters of 2017.
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Twitter reports first net profit but user growth misses estimates The company said it expects "to be GAAP profitable for the full year 2018," referring to generally accepted accounting principles. Still, Twitter missed Wall Street targets for people using the service, reporting 330 million monthly active users for the quarter, a 4 percent increase from a year earlier but flat ...
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Twitter just had its first profitable quarter The company has gone through multiple rounds of layoffs since cofounder Jack Dorsey returned as CEO in 2015. And it has cut beloved but pricey projects like Vine, a video sharing service. Twitter also received a boost from a surprise rebound in its advertising business. The company posted sales of ...
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Snap and Twitter — From Also-Rans to Worthy Contenders?: DealBook Briefing Though Snap added new users at a nice clip in the fourth quarter, the company still needs to prove that Snapchat is an effective and convenient place for big companies to advertise. In that sense, it is like Facebook in its early days as a public company. Twitter, however, needs to show that it can wring ...
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Business briefs: Retail sales forecast to rise; Twitter's out of the red Twitter hadn't turned a profit until now because — competing with Facebook, Google and others for digital ad dollars — it didn't attract enough advertising revenue to make up for its expenses. But it's been cutting costs and focusing on new revenue streams, such as live video. The company grew sales ...
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#What? Twitter's turns first profit, but problems remain Twitter's turns first profit, but problems remain ... Twitter says it had first quarterly profit in history and returned to revenue growth in the fourth quarter. ... And with a prominent executive leaving shortly, and the CEO splitting its time with another company, Twitter's now facing questions about just who is ...
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