#TheDailyThree - February 8, 2018

After a few days of being sick, #TheDailyThree is back! It is a a weekday recap featuring 3 top stories in digital + a few thoughts. Twitter is owning the news today, so the focus will be on them! A lot to go over.

1. After years of worrisome signs of financial stability, Twitter posted a quarterly profit for the first time, making $91M compared to LOSING $167M in Q4 of 2016. News of this made shares shoot up more than 25% this AM, giving them a market cap of $25B. 

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2. With that $25B market cap, Twitter is now worth MORE than Snapchat, who’s market cap is at $24B. This is all especially wild as Twitter actually LOST users this quarter, going down from 69 million 68 million. 

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3. However, Twitter’s users who use the service every day went up 12% in the last year. The 280 character limit didn’t destroy the social network after all. 😉 In fact, Jack Dorsey says the average tweet length hasn’t even changed, but rather raised engagement levels.

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