Twitter swings to loss as pandemic hits advertising

Washington (AFP) – Twitter swung to a loss in the past quarter as the global pandemic hit advertising revenue, even as the social platform saw a surge in new users.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.Chief executive Jack Dorsey said the platform was working to be a useful resource for people during the global lockdowns.”I’ve never been more sure of the value Twitter brings to people around the world,” Dorsey told analysts on a conference call.He said Twitter’s goal is to “serv…

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