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02-08-2018, 05:21 PM
Twitter is *finally* profitable for the first time ever
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It turns out cutting back, focusing, and maybe a little Donald Trump can help make money.*
SEE ALSO: Twitter must fix verification, but there are no easy solutions (https://mashable.com/2017/11/09/heck-yeah-twitter-verification-is-broken/)
Twitter reported its first-ever profitable quarter Thursday after more than four years of trading on the public market. The company announced $91 million in profit for the fourth quarter of 2017. Profitability was the #goal, CEO Jack Dorsey told investors (https://mashable.com/2017/02/09/twitter-2017-make-money/) in February 2017, and Twitter nailed it. The stock was up by more than 14 percent in after-hours trading.
Monthly user growth remained flat. Twitter announced 300 million monthly active users, the same as last quarter. But it did achieve a 12 percent year over year growth in daily active users. Read more... (https://mashable.com/2018/02/08/twitter-profitable-earnings-2017-first-time/)
More about Business (https://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Twitter (https://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Jack Dorsey (https://mashable.com/category/jack-dorsey/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Earnings (https://mashable.com/category/earnings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/Jc1ANJzWzpI
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It turns out cutting back, focusing, and maybe a little Donald Trump can help make money.*
SEE ALSO: Twitter must fix verification, but there are no easy solutions (https://mashable.com/2017/11/09/heck-yeah-twitter-verification-is-broken/)
Twitter reported its first-ever profitable quarter Thursday after more than four years of trading on the public market. The company announced $91 million in profit for the fourth quarter of 2017. Profitability was the #goal, CEO Jack Dorsey told investors (https://mashable.com/2017/02/09/twitter-2017-make-money/) in February 2017, and Twitter nailed it. The stock was up by more than 14 percent in after-hours trading.
Monthly user growth remained flat. Twitter announced 300 million monthly active users, the same as last quarter. But it did achieve a 12 percent year over year growth in daily active users. Read more... (https://mashable.com/2018/02/08/twitter-profitable-earnings-2017-first-time/)
More about Business (https://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Twitter (https://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Jack Dorsey (https://mashable.com/category/jack-dorsey/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Earnings (https://mashable.com/category/earnings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/Jc1ANJzWzpI