Twitter Turns First Profit, but Problems Remain

This April 26, 2017, file photo shows the Twitter app on a mobile phone in Philadelphia. Photo: AP/Matt Rourke, File
This April 26, 2017, file photo shows the Twitter app on a mobile phone in Philadelphia.

February 08, 2018 06:57 AM

Twitter says it had its first quarterly profit in history and returned to revenue growth in the fourth quarter.

Its stock increased in pre-market trading Thursday.

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Though the results beat Wall Street's cautious expectations, they don't solve the company's broader problems.

It's been dealing with abuse, fake accounts and attempts by Russian agents to spread misinformation. The troubles have been compounded by stagnant user growth.

And with a prominent executive leaving shortly, and the CEO splitting its time with another company, Twitter's now facing questions about just who is minding the store.

Twitter has said it's dealing with the problems. The company has introduced a slew of new measures to weed out abusive accounts. Still, critics say the company is playing whack-a-mole with its problems, with often inadequate responses.

Credits

The Associated Press

(Copyright 2018 by The Associated Press. All Rights Reserved.)

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