Twitter is many things, and some people love it to death while others wish it would die. It’s always in the news, and thanks to President Trump always at least a bit controversial. But one thing Twitter has not been until now is profitable. That has changed, as told by latimes.com:
Twitter Inc. stock soared the most since its market debut in 2013 after it posted the first growth in four quarters, driven by improvements to its app and added video content that are persuading advertisers to boost spending on the social network.
The San Francisco company topped analysts’ average sales estimates in the fourth quarter and for the first time reported a real profit, a milestone in Chief Executive Jack Dorsey’s turnaround effort. Monthly active users were little changed from the third quarter at 330 million, a lower-than-projected total that the company attributed in part to stepped-up efforts to reduce spam, malicious activity and fake accounts.