Despite the removal of fake accounts. Twitter wins 5 million users and increases revenue



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Economy

Al Ain News Mohsen Khader

Saturday

Jack Dorsey, CEO of Twitter

Jack Dorsey, CEO of Twitter

The Twitter social networking platform attracted 5 million new users in the second quarter of this year, exceeding the expectations of badysts who expected this number to suffer as a result of the company's efforts to remove counterfeit accounts and a term to the owners of abusive content.

According to a company statement on Friday, the number of Twitter active users rose to 139 users per day, an increase of 18% in one year, to reach $ 841 million, which is higher than the expectations of Twitter users. badysts of a return of 829 Only 1 million dollars.

On the other hand, Twitter has posted a profit of 20 cents per share, which is also higher than badysts' forecasts, which were only 19 cents.

FactFest estimated Twitter's total profit at $ 37 million.

After the release of its data, Toter's stock price rose 8.9% on Friday, bringing the company over $ 2.6 billion to a market value of $ 31.9 billion.

The company said it expects revenues of between $ 815 million and $ 875 million in the third quarter of this year, while operating profit would be between $ 45 million and $ 80 million.

Twitter indicates that its number of users is a more important benchmark than other companies, focusing on active users who can actually switch to revenue by advertising.

The company said other social networking sites were applying "larger" settings to calculate the number of users to include people who do not see the ads.

It is worth mentioning that the number of Facebook users has reached 1.59 billion users, while the number of users Snab Chat to 203 million users and the number of 39; Instagram users to 1 billion users.

Twitter said that second quarter advertising revenues in 2019 amounted to $ 727 million, up 21% over the previous year. Advertising revenue in the United States increased 29% from 26% in the previous quarter.

Jack Dorsey, chief executive of Twitter, said the company's efforts to combat malicious behavior and proactively combat it had resulted in an 18 percent drop in spam or suspicious behavior reports.

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