Twitter is looking like it’s on the up again for the second quarter in a row. The company posted figures that shows user growth in Q2 of this year. The growth rate is helping the company get over concerns from its previous quarter that it had peaked for popularity. Twitter saw its shares surge in after hours trading to $49.62 each.
Twitter announced 16 million new users had signed up in the latest quarter, that number represents 6.3% more people around the world who logged in at least once a month. Twitter reported revenue of $312.2 million, more than double of what it took last quarter, unfortunately for Twitter, they still remain unprofitable with huge $144.6 million pound loss for the quarter.
Personally, I don’t use Twitter all that often but others live on the site! I use it mostly to see what hardware manufactures are doing behind the scenes and enter comps, that kind of thing. I use it to get inside the industry, so to speak, not as a social platform. So what do you all use Twitter for these days?
Thanks to Tweaktown for supplying us with this information.
Image courtesy of Permissionmachine.