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Twitter soars $1 billion in quarterly revenues for the first time

Shortpedia

Content Team
Image Credit: shortpedia

There's good news for Twitter, as the social media platform has achieved an impressive revenue of $1.01 billion during the quarter, an 11 percent hike and this is the first time when the revenue surpassed $1 billion. Its shares witnessed bounce on Thursday after the social media company said revenue and user numbers exceeded forecasts in the latest quarter, although profit fell as expenses rose.