Twitter Inc. posted record revenue in the latest quarter, but rising costs weighed on profit as the company sought to improve the technology underpinning its social-media platform. The company said Thursday that fourth-quarter net income was $118.8 million as costs rose 22% from a year earlier. Twitter’s more-closely watched operating income was $153 million from October through December, down from $207 million a year earlier and lower than the $161 million that analysts surveyed by FactSet had projected.

Source: Wall Street Journal February 06, 2020 12:00 UTC