>> Twitter reporting better than expected user growth, that's a sentence investors haven't heard in quite some time. But on Wednesday, Jack Dorsey's social media company posting a 6% rise in monthly active users from a year ago, sending its stock soaring. That's nine million more Tweeters, not astronomical by social media standards, but for Twitter, it could mean something's finally clicked.
Maybe it's the updated offerings, including live video broadcasts from its app, or Twitter's renewed commitment to crack down on trolls, the company saying Wednesday, it's seeing fewer reports of abuse. But there's still that other problem, how to make money. Twitter's quarterly revenue actually falling for the first time ever, including its advertising revenue which dropped by 11%, more than Wall Street analysts had expected.
Twitter's totally user growth, now 328 million still looking slim against Facebook's more than one billion with rival Snapchat rumored to have more daily active users, a number that Twitter doesn't report. Twitter's weak performance over the past two years raising questions about Dorsey's leadership and whether the company would be sold, but so far, no buyers have approached.