Twitter Finally Reports a Profit
In releasing its quarterly returns on Thursday, Twitter has reported a profit for the first time ever. Since going public in 2013, the social media company has struggled to create revenue, but now things may be turning around. Mr. Trump’s favorite social media site made $91 million in the last quarter, compared to losing $167 million a year earlier. After breaking the news of its first profit, Twitter’s shares went up more than 12 percent, its highest level of trading in two years. The number of Twitter users has also grown for five consecutive quarters. After a long, shaky start, the Twitter bird may finally be venturing out of the nest.
To read more, click here.