Twitter on Friday reiterated its efforts to "to invest in improving the health of the public conversation" on its platform, making the "long-term health" of its service a priority over short-term metrics - such as user numbers. The company said its "value as a daily utility is enhanced when the conversation on the platform is healthy and people feel safe expressing themselves freely and openly".
This week big tech stocks have been in the spotlight after Amazon was boosted thanks to record results in the second quarter, but Facebook warned of less rosy future growth, which led to a almost 20% fall in its share price. They cited concern that while the stock was up 45% this year when Macquarie published its note, the fake-account purge won't bring "dramatic impacts on Twitter's ability to attract new users", arguing that "valuation will likely limit upside from current levels".
The company's stock has risen 79% this year to $42.94. While Twitter maintains that most of these accounts were dormant and thus not counted in the monthly user figure, the company also warned that its cleanup efforts could affect its counted user base - without giving specific numbers.
Revenue of $711 million, mostly from advertising and up 24 percent from past year, exceeded the average estimate of $696 million among analyst research aggregated by Thomson Reuters.
Twitter's second-quarter net income hit $100.1 million, after a loss a year ago during the same period.
Twitter co-founder Jack Dorsey speaks at a campaign fundraiser in New York. (AP
Twitter raised its 2018 capital spending forecast and said adjusted EBITDA margins in the third quarter would be below the second quarter's. It doesn't disclose DAUs but said those remain well below 50% of monthly active users.
Twitter again touted daily active user growth.
In April, Twitter said it inked more than 30 deals for live and original programming, including with Walt Disney Co (DIS.N) for a Twitter-only version of ESPN's SportsCenter.
Long criticized for allowing bad behavior to run rampant on its platform, Twitter has begun to crack down, banning accounts that violate its terms and making others less visible. Shares tumbled 19%, wiping out $120 billion in market cap, after the company missed revenue expectations and warned of slowing growth ahead.
The service's plethora of product updates and push into live video streaming have made Twitter less cumbersome to use, driving advertising revenue and profit in the second quarter.
Earnings excluding items were 17 cents per share, in-line with analyst estimates. Ad sales hit $601 million, a 23 percent jump year over year, and profits were up 14 percent to $100 million.
C Harish Kumar Reddy is wary of Emery's appreciation for the player and hopes Arsenal "don't go that route" of signing Nzonzi. For me, he's a very good person, a very good professional and he has a lot of experience in the football world.
The Xepian-Xe Nam Noy dam project in southeastern Laos has collapsed, displacing hundreds of people in the region. Construction of the project began in February 2013 and commercial operations were expected to begin in 2018.
Molinari clinched it with a driver that skirted the edge of a pot bunker, leaving him a lob wedge from 112 yards to 5 feet. All he did at the BMW PGA Championship was go head-to-head with McIlroy in the final round and beat him by two.
The BRICS countries comprise more than 40% of the global population but have never worked as a co-ordinated economic bloc. They were speaking at a three-day meeting of BRICS leaders in Johannesburg, South Africa .
Mohamed Ragaee, head of the Central Administration, said, "The only zebras in Egypt are found in the Giza and Alexandria zoos". The authorities at International Garden municipal park, however, denied it after astudent put up the images on Facebook.
She and her employer, CNN , said she was barred because White House officials found her questions "inappropriate", which Mr. The decision to bar a member of the press is retaliatory in nature and not indicative of an open and free press.
Pakistani election officials count ballots after polls closed at a polling station in Rawalpindi on July 25, 2018. As the results trickle, it will be clear in a few hours as to who will be the next Prime Minister of Pakistan.
Companies have until November 4 to fully wind down activities with Iran or risk exclusion from the USA financial system. The other countries involved in the Iran deal have vowed to uphold the agreement.
So the only way he figures that he's going to get reelected - as sure as you're sitting there - is to start a war with Iran. A senior administration official said it augured a " more aggressive, comprehensive approach" to Iran.
See the moment a young boy's heart was broken by cruel fan
But that goodwill went out the window because the ballboy specifically tossed the ball to the child in the front row". One person defending the move responding to the tweet, "I like this guy, and he's got a pair of incredible shades on.