Twitter added a record number of new users for the second straight quarter — sending the company’s stock soaring higher in premarket trading on Thursday, despite falling short of Wall Street’s Q2 revenue projections.Twitter added 20 million monetizable daily active users during the second quarter, up 34% year-over-year.
Both the overall number of new users and the year-over-year growth were company records.“The year-over-year increase in mDAU was primarily driven by external factors, such as continued shelter-in-place requirements for many people, and increased global conversation around the COVID-19 pandemic and other current events,” Twitter CEO Jack Dorsey said in the company’s letter to shareholders.At the same time, the company.
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