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With over 300 million users, Twitter is still bleeding money

Twitter posts $162 million loss for Q1 2015, with their 300 million users not helping profits at all

By Anthony Garreffa on Apr 29, 2015 at 03:35 am CDT - 0 mins, 29 secs reading time

Twitter might have over 300 million users, but even with this huge chunk of users, the social network is still not making any money. Twitter has just posted its Q1 2015 earnings, where we have found out Twitter has 302 million users, up 18% from the same period of 2014.

With over 300 million users, Twitter is still bleeding money | TweakTown.com

The social network reported $436 million of revenue for Q1 2015, up 74% year-over-year, but missed the forecast of $440 million. Profits are not good at all, with Twitter reporting a net loss of $162 million for the three-month period.

Considering Facebook has 1.44 billion monthly active users, Twitter has some serious catching up to do.

Last updated: Dec 6, 2019 at 02:46 pm CST

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:engadget.com

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