Twitter reports 6% increase in monthly active usersApril 26, 2017 - 16:10 AMT PanARMENIAN.Net - Twitter Inc reported its strongest growth in monthly active users in more than a year and a much better-than-expected quarterly profit, despite stiff competition from Facebook and Snapchat, sending its shares up 11 percent, Reuters says. The microblogging service said average monthly active users increased 6 percent to 328 million in the first quarter from a year earlier. Analysts on average had expected 321.3 million monthly active users, according to market research firm FactSet StreetAccount. Revenue fell 7.8 percent to $548.3 million, its first drop since its initial public offering. Net loss narrowed to $61.6 million, or 9 cents per share, in the first quarter ended March 31, from $79.7 million, or 12 cents per share, a year earlier. Twitter's user growth has stalled in the past few quarters and the company has been trying to convince advertisers that it will strengthen its user base. As part of its efforts, the company has updated its product offerings including live video broadcasts from its app and launched new features to attract users. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |