Twitter focuses on live video to boost users and revenue
The platform reported the largest user growth it’s seen in two years, but it also announced a 1Q drop in revenue. Will embracing live-streaming save it?
On Wednesday morning, Twitter shares jumped more than 10 percent in pre-market trading, as the platform announces user growth and earnings that beat investor expectations.
The platform’s monthly active users grew to 328 million in 2017’s first quarter. The addition of 9 million users increased its growth to 6 percent year over year—the best it’s been in two years.
However, Twitter is still struggling against Facebook, Snapchat and Instagram, and its positive news was accompanied by its first-quarter revenue dip.
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