Twitter reports increase in sales and users
October 28 , 2014
Micro-blogging site Twitter has doubled its sales and reported a 23% rise in active users' numbers in the third quarter, according to media reports.
The technology firm added 13 million active users per month from July to September, taking its total users to 284 million.
While sales rose to $361 million, Twitter reported a $175 million loss for the quarter. The company’s shares dropped 8% in after hours trade.
Chief executive Dick Costolo said he was confident in the firm’s ability “to build the largest daily audience in the world.”