The social media giant, whose shares have been struggling in recent months, revealed a 24 per cent increase in monthly users, but a widening loss of
The massive share price jump came as a result of the huge user growth, an area which has kept investors on edge, with many concerned the site is not growing fast enough.
Last night, the microblogging platform's chief executive
Costolo added: "Our strong financial and operating results for the second quarter show the continued momentum of our business. We remain foc-used on driving increased user growth and engagement, and by dev-eloping new product experiences, like the one we built around the World Cup, we believe we can extend Twit-ter's appeal to an even broader audience."
The messaging platform beat mar-ket expectations, posting revenue for the quarter of
Despite strong after-hours trading, analysts remained cautious, with some warning the bump should be seen in the context of a number of sharp drops in its share price.
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