Twitter's Revenue Up 97%, But Still Struggling To Find New Users
The social network continues to rapidly build up its advertising business, hitting $479 million in revenue in the last three months of 2014. But its problems lie in the product itself, with user numbers are flatlining.
Twitter just reported a quarterly profit of $79.3 million — almost twice as high as analysts' expectations.
Its revenue numbers were more impressive: $479 million for the quarter, a 97% jump from the fourth quarter of last year and also beating expectations.