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.
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.
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.