About: http://data.cimple.eu/news-article/b08f461ea79f230e58986b8cd66e2634ce2bbe38a3185c2fd11eb0ce

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About: http://data.cimple.eu/news-article/b08f461ea79f230e58986b8cd66e2634ce2bbe38a3185c2fd11eb0ce Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Twitter said Thursday user growth soared in the past quarter even as ad revenues took a hit amid civil unrest in the United States. The short-messaging service reported a net loss of $1.2 billion in the quarter, most of that coming from setting aside funds for income taxes. Revenue slumped 19 percent from a year ago to $683 million. Despite some modest rebound from the pandemic-induced economic slump, Twitter said that "many brands slowed or paused spend in reaction to US civil unrest" in May and June. Twitter said ad revenue declined 15 percent over the last three weeks of June, but appeared to have rebounded since then. A key metric for Twitter, the number of "monetizable" daily active users, hit 186 million a jump of 24 percent from last year. This was "driven by global conversation around current events and ongoing product improvements," Twitter said in its second quarter update. Chief executive Jack Dorsey said the user gains showed "the highest quarterly year-over-year growth rate we've delivered" using this measure. Twitter shares jumped 6.5 percent in pre-market trade following the release. The earnings report comes a week after Twitter suffered a hack that affected high-profile accounts and raised fears about security of the service which has become a key element of political conversation. Dorsey said: "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." He added: "We understand our responsibilities and are committed to earning the trust of all of our stakeholders with our every action, including how we address this security issue." rl/dw
schema:headline	Twitter sees surge in users; revenue slides amid turmoil
schema:mentions	Jack Dorsey Twitter United States Social engineering (security) Dorsey Burnette Performance indicator Data warehouse
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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