Twitter reported active daily users surged 34% last quarter to 186 million even as revenue and earnings dipped from the year before on a challenge advertising climate amid a COVID-19 pandemic. Reve…
Revenue of $683 million was down 19% year over year reflecting what the social media giant called a moderate recovery in advertising demand relative toTotal costs and expenses grew 5% year over year to $807 million, as Twitter said it continue to balance targeted headcount growth with further reducing lowerIn a letter to shareholders, Twitter CEOreferred to a major breach of high-profile accounts last week from Bill Gates to Barak Obama.
Twittter “suffered a very public and disappointing security issue. We moved quickly to address what happened, and have taken additional steps to improve resiliency against targeted social engineering attempts, implemented numerous safeguards to improve the security of our internal systems, and are working with law enforcement as they conduct their investigations.
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