Twitter owner is $1.01 billion richer:
Social Media Platform, Twitter has announced that it recorded record-breaking revenue of $1.01 billion in its 2019 Q4 report. This revenue is Twitter’s first billion-dollar return in a quarter. Twitter Chief Financial Officer, CFO, Ned Segal, has revealed that the brilliant achievement is a reflection of the vibrant performance and good development of the company across several markets.
His words, “We reached a new milestone in Q4 with quarterly revenue in excess of $1 billion, reflecting steady progress on revenue product and solid performance across most major geographies, with particular strength in US advertising.”
Twitter CEO, Jack Dorsey added, “I see Twitter more as an interest network rather than a social network. A rich timeline but also a path to discovering more, getting users to a position where they feel a lot more comfortable with participating in a conversation, not just Tweeting at the world but at those with a special interest.”