Twitter boss Jack Dorsey has said the social network is “learning faster” and “prioritising better” as it achieved one billion dollars in quarterly revenue for the first time. Total revenue between October and December last year hit 1.01 billion dollars (£778.3 million), an increase of 11% on the same period in 2018. The tech giant also said it now has 152 million users – which it defines as monetisable daily active users – a jump of seven million on the previous quarter, and up 21% compared to 2018. But despite positive revenue net income is down, standing at 118.8 million dollars (£91.6 million) against last year’s 255.3 million dollars (£196.8 million). “Entering 2020, we are building on our momentum – learning faster, prioritising better, shipping more and hiring remarkable talent.

Source: Irish Examiner February 06, 2020 13:18 UTC