TWITTER BECOMES PROFITABLE FOR ANOTHER QUARTER



Popular social networking site Twitter has posted profits for the second quarter consecutively this was after it posted it’s first profits in the last quarter. 

A screen displays the stock price of Twitter above the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., January 31, 2017.
The first quarter earnings saw the company posting earning of about $61 million during the first months of 2018 and with revenue of $665 million. 

The company which is popularly used and loved by the current US president Donald Trump has started making money in the recent months. 

The company reduced its stock compensation amounts last year and also this quarter. The company has also seen  the number of it’s active monthly users grow by about 6 million  and the total number of daily active users grew by 10%.

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