Twitter posts record $100M profit but loses 1M users

Twitter posts record $100M profit but loses 1M users

5 years ago
Anonymous $RBasgWKaIV

https://techcrunch.com/2018/07/27/twitter-posts-record-100m-profit-but-loses-1m-users/

The social media apocalypse is on us this week. Days after Facebook’s stock took a record $123 billion plunge on a poor earnings report, Twitter’s shares are down nearly 20 percent after the company announced falling users numbers.

The microblogging service recorded a drop of one million monthly users in Q2, with 335 million overall and 68 million in the U.S.. International users stayed consistent, with U.S. numbers down from 69 million in the previous quarter.