>> Twitter stock on the move Wednesday after quarterly results showed Twitter turned a profit for only the second time in its history. Twitter continued to gain traction with advertisers when it comes to video placements, which helped feel stronger than expected revenue gains. Advertisers were also rewarded with more eyeballs.
The number of daily and monthly Twitter users jumped more than expected. Monthly active users now stand at 334 million. Despite President Trump's hot Twitter fingers, it's not the US where Twitter is growing the fastest. Twitter added 5 million people outside of the United States, with a lot of that coming from Asia, while international sales grew by more than 50%.
The results were initially seen as nothing short of solid, sending the stock up by as much as 10%. The company's outlook for the future caused a violent reversal in the stock, sending it down as much as 5%. Twitter, warning investors that it can't keep growing at this pace and says it expects to see a sharp slow down in revenue growth for the second half of the year.
Plus, Twitter's planning to spend more to monitor what's going on on the site and is planning to boost its workforce by up to 15% to do it.