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Twitter Surprises by Adding New Users, Sends Shares Soaring

  • Company reported first decline in quarterly sales since 2013
  • User growth won’t immediately translate to revenue turnaround
Bloomberg business news

BTIG Analyst Explains Why You Need to Own Twitter Shares

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Twitter Inc. finally showed signs of addressing its biggest challenge: attracting new users.

Ever since the company went public in 2013, it has been battling the perception that it’s a dying platform. But Twitter showed signs of new life in the first quarter, reporting that average monthly active users rose 6 percent from last year to 328 million. The number of daily users has been increasing at a faster pace each quarter for the past year, Twitter said, even benefiting this year from “new and resurrected users following more news and political accounts,” especially in the U.S.