Twitter on Thursday revealed that it accidentally overstated its monthly-user figures for last three years but is actually growing now as it had gained almost four million monthly members over the last three months.
Shares of the social platform have rocketed up almost 15 percent in early morning trading on Thursday, after the company hinted at imminent profits in its third quarter earnings report - despite announcing it had been miscalculating its MAUs by millions. Daily actives grew 14% year-over-year, compared with increases of 12%, 14% and 11% over the preceding three quarters on an annual basis.
The social media giant released its third quarter earnings report today, and there were several bright spots.
Twitter said the restatement was due to incorrectly recording "1-2 million users per quarter" from certain "third-party applications" to Twitter's MAU count.
Its monthly active user base rose slightly to 330 million, roughly in line with forecasts. Twitter previously believed that their user base had stayed flat during the second quarter.
Wall Street rejoiced at Twitter's performance-company stock was up almost 15 percent in morning trading. "These third-party applications used Digits, a software development kit of our now-divested Fabric platform, that allowed third-party applications to send authentication messages via SMS through our systems, which did not relate to activity on the Twitter platform", the statement read.
The company took in $590 million in revenue, which is down four percent from past year but still $3 million more than analysts expected.
"This quarter we made progress in three key areas of our business: we grew our audience and engagement, made progress on a return to revenue growth, and achieved record profitability", Twitter CEO Jack Dorsey said in the October 26 press release. 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.
Twitter Inc (NYSE:TWTR) early Thursday posted market-beating earnings results and noted that its daily active user growth continued to accelerate, sending its shares soaring in premarket trading.
Twitter has also been criticised for not taking enough efforts to stop abuse and harassment on the platform.
"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.
Freeney will replace defensive end Cliff Avril , who was placed on injured reserve on October 20 with a neck injury. He has 122 1/2 career sacks, which is second among active players behind Julius Peppers (150) and 18th all time.
President Donald Trump fired Comey in May in the midst of the federal probe into Russian interference in the 2016 election. James Comey tweeted about his weekend trip to Iowa-and then the 2020 speculation started.
Where plague is endemic, it is usually found in rodents and is spread by fleas from rodent to rodent, or to other mammals. There are three forms of plague infection: pneumoic plague, septicaemic plague and bubonic plague, the most common form.
Police say the alleged offences all occurred in an eight-month period, between January 1 and August 30 in 2014. The arrest was made by a joint task force that included the Federal Bureau of Investigation and LAPD.
Sony points out that this is a "phased" upgrade, meaning that not everyone will receive Android 8.0 OTA updates at the same time. With a revamped App Shortcuts , Xperia XZ Premium has its own way of accessing to actions menus by long pressing the app icon.
Even factoring out the acquisitions of Whole Foods and Souq, Amazon's headcount climbed 47 percent over this time past year . Meanwhile, Amazon's global e-commerce business fared even worse, losing $936 million during the quarter.
The invitation will be extended by the players, not the league, Lockhart said on the league's weekly conference call. Many teams have made a decision to link arms, take a knee or even stay in the locker room for the anthem.
Chairman of the House Intelligence Committee, announced the investigation into the deal at a news conference Tuesday. President Trump has been calling for an investigation into the uranium deal for months, NBC News reports .
Highs will also take a hit this week getting down into the lower 50s and then upper 40s before a brief warm up Friday . Conditions will dry out for the end of the week, and temperatures will climb back into the low 60s by Friday .
Russian helicopter crashes into the sea near Norway
Barentsburg is a small mining settlement on the Arctic Svalbard archipelago, with around 500 inhabitants, predominantly Russian. We don't know if it was a controlled landing", an emergency services spokesman said.
Why Buffalo Wild Wings Stock Popped Today
As of December 25, 2016, the Company had company-owned or franchised restaurants in all 50 states and two Canadian provinces. Buffalo Wild Wings (NASDAQ: BWLD ) stock was soaring today on a positive earnings report for the third quarter of 2017.
Alphabet records 33 percent rise in profits for Q3 2017
COPYRIGHT VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. Google stock was up 3 percent in after-hours trading-a sign investors were happy with what they heard from Google.
What the Tech? Amazon home delivery
The service will be available for subscribers to the company's Prime service, initially in 37 USA cities, from 8 November 2017. They are further described as "thoroughly vetted, with comprehensive background checks and motor vehicle records reviews".
Kid Rock to perform in Cleveland next year
The news outlet reported in August that Kid Rock was gaining establishment GOP support for his Senate run. A fan stands outside the Little Caesars Arena last month, encouraging Kid Rock to run for U.S.
LeBron makes rare point in Cavs NBA win
Brown and Tatum, both with early season highs, became the first Celtics pair younger than 21 to score 20 points in the same game. Rookie Lauri Markkanen again proved to be a bright spot as he totaled 13 points and 12 rebounds for his first double-double.
Original Xbox Games Arrive on Xbox One
The Xbox One X version of the game had also received enhancements that include better graphics and support for 60fps frame rates. However, the game will still appear sharper textures and some graphical effects are not available on normal Xbox One.