Twitter has announced that it could become profitable for the first time in its history starting in Q4. This comes after a reduction in costs. Most of their profits comes from advertising.<\/p>\n
Twitter shares rose more than 16% to $ 20.04, after in Q3, its user database grew considerably. The company has never been profitable because of GAAP, but this may change in the fourth quarter of this year if the stock price manages to break expectations. Although market analysts had expected revenues of $ 587 million, the sector’s revenue rose to $ 590 million, but less than 4 percent from last year. The number of active users per month in Q3 rose to 330 million, with 4 million more than the previous quarter. Data and other license revenues in the third quarter were $ 87 million, an increase of 22% over last year. This helped reduce the reliance on advertising by 8%.<\/p>\n
Twitter shares in the S & P 500 rose 5.2% this year and the stock price broke the $20 mark.<\/p>\n
The company has suffered a lot, especially in the face of strong competition from social networking giants such as Facebook and Snapchat. However, they were able to attract users and advertisers, as the platform attracted plenty of celebrities and public figures such as Donald Trump.<\/p>\n
In the recent months, Twitter has been working on live streaming and other improvements to provide a unique user experience. The company said one of its officials had signed a large number of deals in Q3 which could help stabilize their revenue flow.<\/p>\n
They have also stepped up their game of keeping their users in touch live videos and various news. Finally, last month, they started testing to allow tweets of up to 280 characters, twice as much as before, and announced strict rules and regulations on sexual harassment through the Internet.<\/p>\n
All in all, even though some believe that Twitter might have seen some hard times in the past, the company seems to be on the right path for now. With their database and revenue figures growing steadily, the company might just make a turn for the good. They\u2019ve also shown openness to approaching new strategies and testing different means of keeping up to their competition.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Twitter has announced that it could become profitable for the first time in its history starting in Q4. This comes after a reduction in costs. Most of their profits comes from advertising. Twitter shares rose […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":93,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63],"tags":[34,24,9,21,14,22,10,23],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/92"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=92"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/92\/revisions"}],"predecessor-version":[{"id":94,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/92\/revisions\/94"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/93"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=92"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=92"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=92"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}