Twitter Has Accidentally Been Overstating Monthly Active Users for Years
Shares of Twitter (NYSE: TWTR) are enjoying strong gains today after the microblogging service reported third-quarter results. Revenue in the third quarter fell 4% to $590 million, which led to a GAAP net loss of $21 million, or $0.03 per share. Twitter posted non-GAAP net income of $78 million, or $0.10 per share.
Additionally, there was good news and bad news on the monthly active user (MAU) front.
Image source: Twitter.
Source: Fool.com