Twitter finally makes profit, but share price drops. Here’s why – The Wall Street Journal
EDINBURGH — Social media company Twitter has finally made a profit, but its share price fell on the news. This is because investors are partly concerned that the company is not growing its number of users as quickly as they had hoped. What's more, analysts were disappointed with the financial reports, which show lower revenue than Wall Street consensus. Twitter has been on a campaign to clean out the trolls and abusive members of the Twitterati, which is partly why the number of users is lower than expected. But, no doubt, it is also vulnerable to a fickle social media crowd. Twitter (code: TWTR) is listed on the New York Stock Exchange. Twitter boss Jack Dorsey hopes that making Twitter a better place to play will pay off in the long run. The Wall Street Journal gives the low-down on its health. – Jackie Cameron
Twitter's Push for Healthier Discourse Pays Off With Revenue Jump
By Georgia Wells
Twitter Inc. TWTR -0.61% reported record quarterly revenue and its first full year of profitability Thursday, signs the company's efforts to promote healthy discourse on the platform appear to be paying off.
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