Tuesday 29 July 2014

Twitter reports a loss but growing number of users via @iKanzee_RR

Social micro-blogging service Twitter reported
a loss of $145m (£86m) during the second-
quarter period from March to June.
That is triple the loss the company reported
during the same period a year ago.
Twitter said it had 271 million monthly users -
up 24% from a year ago - allaying investor
fears that the service is not growing fast
enough.
Shares in the firm soared over 26% in after-
hours trading.
"Our strong financial and operating results for
the second quarter show the continued
momentum of our business," said chief
executive Dick Costolo in a statement, noting
Twitter's strong user figures during the World
Cup.

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