CyberScout chairman and founder Adam Levin discusses the Twitter bitcoin hack targeting high-profile accounts; many people are not as ‘cyber-hygienic’ as they should be when working from home, he says.
Twitter Inc. reported the largest growth on record in monetizable daily users as its audience hunkered down at home during the COVID-19 pandemic, but was still unable to turn a profit in the three months through June.
Continue Reading Below
The San Francisco-based social media platform lost $1.2 billion, or an adjusted $1.39 per share, as revenue fell 19 percent from a year ago to $683.4 million. Wall Street analysts surveyed by Refintiv were expecting a breakeven quarter on an adjusted basis and revenue of $707.5 million.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TWTR | TWITTER INC. | 36.94 | -0.07 | -0.19% |
The number of monetizable daily active users grow to 186 million, up 34 percent from a year ago.
“Our product work is paying off, with tremendous growth in audience and engagement,” CEO Jack Dorsey said in a statement.
This story is developing. Check back for updates.
