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Twitter Daily Users Rise to 186 Million, CEO Addresses Hack of High-Profile Accounts

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Twitter posted a second-quarter loss on Thursday, but the social media giant's stock rose on higher user growth amid the coronavirus pandemic.

The company's stock rose by $2.06, or 6 percent, to $39.24 before the market open as investors reacted to the user gains. The San Francisco-based social media company, led by CEO Jack Dorsey, reported an adjusted loss of $1.39 cents per share owing to a COVID-19-related non-cash tax allowance of $1.1 billion.

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