But the embattled social network also revealed that it had miscalculated monthly users since the fourth quarter of 2014 by including third-party, text-based apps related to its shuttered developer platform, Fabric. "It's our job to help people stay informed about what's happening in the world and what people are talking about, and we're focused on making our service faster, easier to use, and more relevant to more people every day", he said in prepared remarks. But according to Twitter's story, if you made an app and used Twitter's Digits SDK over the past three years, the company might have counted your users as its own.
The company on Thursday said it added 4 million monthly users during the third quarter and grew daily users by 14%, a much-needed improvement from the zero new users added during the previous quarter.
Since Twitter went public in 2013, it has never posted a profit.
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In light of this, Twitter retroactively decreased its number of monthly active users by one to two million for each of the last four quarters. The company has seen monthly active user figures increase, arresting the slide that it had to report across the summer.
"We're pleased with the improvements made toward a return to revenue growth this quarter", Twitter's CFO Ned Segal said in a statement. The company said it didn't have exact data for periods before the fourth quarter of 2016, but that those losses would be the same or smaller than the four quarters reported.
In the United States, where growth had stalled earlier this year, the number of users rose to 69 million from 68 million, the company said.
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Also new is a feature to limit the power usage of background applications, which will make them less of a drain on battery life. A message in Spanish on the Galaxy Note 8 box reads: "A year ago we asked you to turn it off, we welcome you today on board".
Other telling statistics include a modest decline in revenue ($590 million) in comparison to the same point past year ($616 million), roughly a four percent drop. The fact that the platform is President Trump's favored communications tool is also likely to have raised Twitter's profile among potential users.
"We're committed to making Twitter safer, and we continue to improve and leverage our technology to reduce the reach of abusive tweets", Twitter CEO Jack Dorsey wrote in a letter to shareholders.
Braun Stacey Associates Inc. Trims Holdings in Alphabet Inc. (GOOG)
COPYRIGHT VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. Finally, Mizuho reiterated a "buy" rating on shares of Alphabet in a research report on Tuesday, October 17th.