Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a s...
NEW YORK - Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a surprise rise in the number of monthly active users, a sign that the social media platform may be on a sustainable path after a year of stagnant user growth.
Twitter, which has been focusing on improving the quality of its platform by removing thousands of spam and suspicious accounts, would no longer disclose MAUs from next quarter. For the first quarter of 2019, Twitter’s revenue rose 18 percent from a year ago to $787 million, surpassing Wall Street expectations of $776.1 million.
Twitter also sees more operating costs as it cleans up its platform to minimize abusive user behavior.
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