Twitter swings to loss as pandemic hits advertising

In its quarterly update Thursday, Twitter saw an $8 million loss as revenues edged up three percent to $808 million and its user base increased 24 percent.

He said Twitter's goal is to"serve the global conversation" and that the platform is"helping the world stay informed, and providing a unique way for people to come together to help or simply entertain and remind one another of our connections." It said ad revenues plummeted 27 percent compared with a year ago between March 11 and 27, when many global events were canceled and US residents began sheltering in place.

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