Thursday, April 30, 2020

Twitter swings to 1Q loss despite revenue growth as costs up


Twitter posted a loss in the first quarter as the social media company’s higher expenses outweighed revenue growth. The San Francisco company reported Thursday that average daily users grew 24% year over year, the highest ever growth rate in the company’s history. Twitter has added 14 million daily users since the previous quarter. The company […]

source https://www.seattletimes.com/business/twitter-swings-to-1q-loss-despite-revenue-growth-as-costs-up/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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