The company said the number of daily users rose 11% to 134 million for the first quarter of 2019, thanks to both "organic growth as well as ongoing product improvements and marketing."
The San Francisco company started disclosing its daily user base in the previous quarter. These are users who log into the site at least once a day and see advertisements on the platform. Twitter says daily metric will replace its monthly user count, which it will stop disclosing. The company posted profit of $190.8 million, or 25 cents per share, for the first quarter. After adjusting for one-time gains and costs, earnings came to 9 cents per share, short of Wall Street expectations. Analysts surveyed by Zacks Investment Research forecast earnings of 15 cents per share.Twitter said advertising demand in the first quarter grew strongly, led by the U.S., where ad revenue rose by a quarter.
In premarket trading, Twitter shares soared 8 per cent. The stock has increased 20% since the beginning of the year.
Maybe because Facebook and Instagram were down more often that people were using more Twitter to check if the other two were down?
twitter is starting to annoy the hell out of me with ads being added everywhere. Promoted tweets that take up the whole screen. Pre-roll video ads that are longer than the very short video in user's tweets. It's getting ridiculous now and is very off-putting. 😠🖓
I wouldn't hesitate to guess that a large part of the increase in users is primarily in North America where both the US and Canada have elections on the horizon I also would hesitate to guess that most are trolls or 'fake accounts' set up primarily because of those elections
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