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.
Source: News Formal (newsformal.com)
Only fitting that their subscribers are ^ & revenues are down. Many tweets are anti-business & these guys want Facebook & others to stop taking money for their advertising because they don't like the brand or it hurts their feelings. So now no one will advertise. Problem solved?
It’s almost like they’re having a hard time monetizing a free service that lets us type all manners of mostly unimportant shit day and night.
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