It seems Twitter Inc ( NYSE :TWTR) is finally coming out of its crisis. The stock has gained approximately 10% over the last three months. Twitter’s cofounder Biz Stone recently announced that he’d be returning to the company. The stock rallied on the back of this news.
Twitter is taking a number of measures to increase its user engagement and monthly active users. In the first quarter, Twitter added 9 million new monthly active users, the highest user growth since 2015. However, Twitter’s revenue dropped by 8% in the period. This is the first ever revenue decline for Twitter on year-over-year basis.
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