Twitter Surprises by Adding New Users, but Now It's Got Another Problem
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Twitter Inc. finally showed signs of addressing its biggest challenge: attracting new users.
Ever since the company went public in 2013, it has been battling the perception that its growth is limited. But Twitter showed signs of new life in the first quarter, reporting that average monthly active users rose 6% from last year to 328 million. The number of daily users has been increasing at a faster pace each quarter for the past year, Twitter said, even benefiting this year from “new and resurrected users following more news and political accounts,” especially in the U.S.
Now that CEO Jack Dorsey has managed to defy investor expectations by reviving user growth, he has to do the same for revenue: Twitter on Wednesday posted its first quarterly revenue decline since going public in 2013, an 8% drop from the quarter a year earlier.
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