(FILES) In this file photo taken on November 4, 2016, the Twitter logo is seen on a sign at the company’s headquarters in San Francisco, California. – Twitter reported on October 25, 2018, stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. (Photo by JOSH EDELSON / AFP)
Twitter said Tuesday its profits tripled in the past quarter even as it ramped up efforts to root out abuse and misconduct on its short messaging platform.
Profits in the first quarter hit $191 million, compared with $61 million a year earlier, while revenues increased 18 percent to $787 million.
Twitter’s global user base appeared to show modest growth even as the company transitions to a different way of measuring it.
The longstanding metric of monthly active users was 330 million in the January-March period, an increase of nine million from the past quarter but down slightly from a year ago.
But Twitter no longer will use that…
