Twitter triples profit, Donald Trump takes credit
CEO says platform is benefiting from efforts to get rid of abusive and inauthentic content
Washington — Twitter said on Tuesday profit soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias. Profit in the first quarter hit $191m, compared with $61m a year earlier, while revenues increased 18% to $787m. Twitter’s global user base appeared to show modest growth even as the company transitions to a different way of measuring it. The long-standing metric of monthly active users was 330-million in the January-March period, an increase of 9-million from the past quarter but down slightly from a year ago. But Twitter will no longer use that measure, switching instead to “monetisable” daily active users — 134-million in the past quarter, up from 120-million in 2018. CEO Jack Dorsey said Twitter is benefiting from its moves to root out abusive and inauthentic content that had hurt Twitter’s reputation. “We are taking a more proactive approach to reducing abu...
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