Okonjo-Iweala Effect: Twitter’s profit jumps by 200% in one year

0

Get real time updates directly on you device, subscribe now.

Social media platform, Twitter has announced a first-quarter profit of $191 million, which is 200% higher than the $61 million recorded in Q1 2018.

This comes with an additional 9 million users within the quarter in review

The jump in profit seems to as a result of efforts to root out abuse and misconduct on the short messaging platform.

READ ALSO: Jonathan pleaded with me to go easy on Buhari – Reno Omokri

Chief executive Jack Dorsey had said “We are taking a more proactive approach to reduce abuse and its effects on Twitter,” said Dorsey.

“We are reducing the burden on victims and, where possible, taking action before abuse is reported.”

The growth is believed to also be connected to the appointment of Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, as a member of Twitter’s board of directors.

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.