Twitter Stock Surges as Daily Users Rise to 139 Million

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Twitter Stock Surges as Daily Users Rise to 139 Million
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The social media company, led by CEO Jack Dorsey, reported second-quarter earnings, with financials beating Wall Street expectations.

Social media giant Twitter on Friday posted higher second-quarter earnings and user growth, with financials beating analysts' expectations. The stock rose more than 5 percent before the market open on the news.

Total advertising revenue was up 21 percent to $727 million as the company continues to face off with Snapchat and Facebook in the war for online advertising. Twitter reported total ad engagement rose 20 percent year-over-year. Shares in the company were up 5.5 percent at $40.20 in pre-market trading on the New York Stock Exchange.

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