Jul 23, 2021

Twitter and Snap add users as restrictions ease

Social media firms Twitter and Snap are continuing to add users even as pandemic restrictions ease. Twitter reported it passed the 200 million mark for daily active users who view adverts on its platform in the same period, up 11% year-on-year. The company was still $152m in the red, down from $326m in net losses for the same period in 2020.Meanwhile, micro-blogging site Twitter said sales rose 74% year-on-year to $1.19bn, generating a profit of $65.7m for the company. "As we enter the second half of 2021, we are shipping more, learning faster and hiring remarkable talent," Twitter chief executive Jack Dorsey told investors on Thursday. According to Twitter, the tweets that resulted in Mr Trump's ban for "Glorification of violence" were from 8 January, two days after the rioting in the nation's capital.

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