Twitter posts record second-quarter user growth
Despite adding 186-million daily users sales dropped 19%, with the platform now looking at different ways to supplement advertising revenue
23 July 2020 - 17:25
San Francisco — Twitter reported a second straight quarter of record user growth as people joined the service for news and entertainment during the coronavirus pandemic, but its advertising business was hammered amid a global marketing retraction as businesses pulled back on spending.
Twitter reported 186-million daily users for the period ended June 30, a 34% jump over the quarter in 2019, and its largest year-on-year increase since first reporting the metric in 2016. Users jumped 24% in the first quarter, a record at that time. Shares gained about 3% as the market opened...
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