If earnings reports could beam, Twitter’s second quarter results were positively glowing. The social network, which has been slow to find its way to profitability , announced Tuesday it added 16 million users in the quarter ending June 30 and eked out a tiny profit. In short: Skeptical analysts and haters to the left.
Twitter more than doubled its sales in the second quarter, the company reported Tuesday, showing a strong advertising business. Total sales were for the period ended June 30 were US$312 million, the company said , up 124 percent from the same period last year and beating analysts’ expectations of $283 million, as polled by Thomson Reuters. Twitter makes the bulk of its sales through ads placed in users’ streams and made to look like tweets
Twitter more than doubles its sales, stock soars
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