Business Today

TWITTER TURNS FIRST PROFIT

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The social network has posted its first profit in the last quarter ( OctDec) of 2017, clocking $ 91.1 million, but it has failed to gain more users. Its return to growth 12 years after it was set up saw shares jump about

20 per cent, making it the best- performing U. S. social media stock over the last 12 months. Since its IPO in

2013, Twitter has struggled due to declining users, troll issues and a dwindling advertisin­g market.

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