TWIT­TER POSTS STRONG USER GROWTH

Metro USA (Boston) - - WKND - REUTERS

5 Shares of Twit­ter Inc. jumped on Wed­nes­day after the mi­croblog­ging ser­vice re­ported bet­ter-than-ex­pected user growth in the first quar­ter, although its rev­enue fell for the first time. The sur­pris­ing ac­cel­er­a­tion, which Twit­ter at­trib­uted to new fea­tures and height­ened user in­ter­est in po­lit­i­cal news, fol­lowed sev­eral quar­ters of stalled user growth that raised ques­tions about Chief Ex­ec­u­tive Jack Dorsey’s lead­er­ship and spec­u­la­tion the plat­form may be bought by a big­ger com­pany. Twit­ter re­ported yearly growth of 6 per­cent in monthly ac­tive users, a key per­for­mance in­di­ca­tor for social net­work­ing ser­vices typ­i­cally cal­cu­lated by tak­ing the num­ber of users who have logged in and logged out dur­ing the 30day pe­riod, to 328 mil­lion. On a quar­terly ba­sis, Twit­ter added nine mil­lion monthly users.

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