Twitter Booked Profit For The First Time Since It Went Public
Twitter Inc for on Thursday, posted its first quarter results, which are rather surprising, as for the first time in its history as a public company it generated a hefty profit, thanks to its expansion outside the USA.
As soon as the results were announced, the social networking platform experienced a massive boost of 12 percent in its shares, breaking the two-years record. In the fourth quarter of 2017, Twitter made a net profit of $91.1 million against the loss of $167.1 million for the same period, one year ago.
Twitter has been running in consistent losses ever since it became a public company in 2013, is now expected to turn profitable all around the year 2018. Even though the number of people using the social media is going down, it is really promising that Twitter has found su...