Feb 7, 2019

Twitter reports higher profits

Twitter has reported a jump in profits for the final quarter of 2018, despite a fall in the number of people using the micro-blogging platform. Twitter downgraded its revenue forecast for the current quarter. Twitter removed some accounts after criticism that it was facilitating political manipulation and hate speech. Twitter said revenue in the last quarter had risen 24% to $909m as video advertising grew. Twitter said it would stop disclosing monthly active users and switch to reporting active daily users instead..

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