Technology

Twitter made profits for the first time in its history

 

 

 

 

 

Twitter has had the pleasure of announcing profits for the first time in its history, which has equally delighted investors in the stock market, with a 12% increase. In particular, Twitter posted 91.1 million dollar profits in the fourth quarter of 2017, against a loss of $ 167.1 million in the last quarter of 2016.

Twitter, which was founded in 2006 and has been consistently loss-making since it was listed on the stock market in 2013, said it expects 2018 to be its first profitable year. The stock price on import was $ 26, and now it is moving at $ 30.2.

Revenue (turnover) in the fourth quarter last year reached $ 732 million, up 2% from the same quarter of 2016. Revenue from ads amounted to $ 644 million (up 1% year-on-year). But the number of users is stagnating. Monthly active users (those who use it once a month) were 330 million at the end of 2017, 4% more than the end of 2016, from those in the third quarter of 2017.

In the United States, monthly users fell slightly, from 69 million in the third quarter to 68 million in the third quarter, according to the BBC and the Reuters agency. Twitter has attributed this development in part to the “war” he has declared in his fake and other accounts (fake and spam).

On the other hand, it has been reported that the number of active daily users (who use it daily) has increased by 12%, partly thanks to doubling the character limit of tweets from 140 to 280. By comparison, Facebook has 2.1 billion active monthly users and Snapchat 187 million daily users.