Twitter Surges Most in Eight Months as Sales Blow Past Forecast
- Monthly users fall to 326 million as fake accounts are purged
- Analysts say improving financials outweigh decline in users
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Twitter Inc. jumped the most in eight months after third-quarter earnings and revenue topped estimates amid higher spending from advertisers.
Monthly active users averaged 326 million, San Francisco-based Twitter said Thursday in a statement. That’s a decrease of 9 million from the second quarter. Twitter warned in its July earnings report of a continued drop in the metric as a result of efforts to clean up its service and stricter privacy rules in Europe. The company said those trends will continue and lead to another decline in monthly users for the fourth quarter.