Twitter for the first time in its history received a net quarterly profit

Twitter for the first time in its history received a net quarterly profit

Company Twitter owning a microblogging service, on Thursday for the first time in history reported receiving a net quarterly profit in the fourth quarter of 2017.

From October to December 2017 year net profit of the company amounted to 91,1 million dollars (with a total revenue of 732 million dollars). Over the same period of 2016 Twitter have reported only about the loss of $ 167,1 million dollars.

Overall statistics 2017 for Twitter can hardly be called particularly successful. During the year, the sales volume of the company amounted to $ 2.4 billion, which is 3% less than in 2016. largely on the work of the company was affected by the multiple charges of the critics, who said that the social network was used by Russian propaganda for intervention in the US presidential election in 2016.

However, the news of the net profit in the last quarter of last year has been a great push for the stock, the cost of which has increased dramatically by more than 20% in one day.

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