Twitter posted healthy revenue for the second quarter — US$312 million, up 124 percent year-over-year. Its profit? Not there yet. However, even though the company reported a net loss of $145 million, investors are likely to overlook the lack of profit for some time. Financials aside, what Twitter really wants everyone to know is that it is big — as in average monthly user big. That’s because growth in its user base — or lack thereof — is not an issue that shareholders or advertisers are likely to overlook for long.
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Twitter Claims Legions of Uncounted 'Users'
Posted by: Erika Morphy July 30, 2014 01:47 PMTwitter posted healthy revenue for the second quarter — US$312 million, up 124 percent year-over-year. Its profit? Not there yet. However, even though the company reported a net loss of $145 million, investors are likely to overlook the lack of profit for some time. Financials aside, what Twitter really wants everyone to know is that it is big — as in average monthly user big. That’s because growth in its user base — or lack thereof — is not an issue that shareholders or advertisers are likely to overlook for long.