Twitter is growing, but its bank account isn’t

Twitter is finally showing signs of life after months — years, even — of flatlining. The social media behemoth today released its quarterly report for Q1 2017, which didn’t, at first glance, look very encouraging. It still can’t seem to turn a profit. Its quarterly losses total about 7-percent. Revenue was higher than expected at $548 million, but that’s still a total loss of $62 million. Still, that’s the smallest net loss the company’s posted since before 2015. It’s certainly better than last quarter, where they posted a $167 million in net loss. The site also boasts 328 million monthly users, which is…

This story continues at The Next Web

Or just read more coverage about: Twitter


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s