Twitter Loses 2 Million Users This Quarter

Twitter's pre-market trading is down 9.73% at $17.71 a share. The company has reported an average of 68 million monthly active users in the United States this past quarter, down from 70 million in the previous quarter. However, its money income grew at the same time. Twitter beat Wall Street's (described a possible future event) money/money income of $537 million USD by $37 million USD, with earning per shares coming higher at $0.12 than the expected $0.05, making this the eleventh quarter Twitter went beyond earnings expectations.

During the first quarter, the company grew 9% in monthly users due to President Trump's frequent use of the (raised, flat supporting surface). Twitter has also gone through redesigns of its web and mobile (connecting point/way of interacting with something) in the second quarter to fight against Facebook and other rivals, as well as to narrow their focus on "live" content. Twitter informed shareholders in a letter that it was able to improve engagement thanks to timeline and notices/communications improvements, attributing the inactivity of user growth to "lower seasonal benefits and other factors."

Read Twitter's Q2 shareholders letter here.