Wednesday 27 May 2020 ,
Wednesday 27 May 2020 ,
Breaking News
  • COVID-19: Bangladesh reports 22 new deaths, 1,541 cases in 24hrs
  • COVID-19: Bangladesh reports 22 new deaths, 1,541 cases in 24hrs
24 April, 2019 00:00 00 AM
Print

Twitter triples profits, global user base rises

AFP, Washington

Twitter said yesterday its profits tripled in the past quarter even as it ramped up efforts to root out abuse and misconduct on its short messaging platform.

Profits in the first quarter hit $191 million, compared with $61 million a year earlier, while revenues increased 18 percent to $787 million.

Twitter’s global user base appeared to show modest growth even as the company transitions to a different way of measuring it.

The longstanding metric of monthly active users was

330 million in the January-March period, an increase of nine million from the past quarter but down slightly from a year ago.

But Twitter no longer will use that measure, switching instead to “monetizable” daily active users -- 134 million in the past quarter, up from 120 million last year.

Chief executive Jack Dorsey said Twitter is benefiting from its moves to root out abusive and inauthentic content that had hurt Twitter’s reputation.

“We are taking a more proactive approach to reducing abuse and its effects on Twitter,” said Dorsey.

“We are reducing the burden on victims and, where possible, taking action before abuse is reported.”

He added that Twitter aims to become “more conversational” and has launched a prototype for a new app called “twttr,” with the goal of “making conversation on Twitter feel faster, more fluid and more fun.”

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
0102
03040506070809
10111213141516
17181920212223
24252627282930
31
More Business stories
Bangladesh Railway losing Tk 4-5cr every day Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting