Twitter turns first profit ever, but problems remain [CBC (Canadian Broadcasting Corporation)]
Meta Platforms, Inc. - Class A (FB)
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Source: CBC
Twitter turns first profit ever, but problems remain Company says average number of monthly active users in Q4 was relatively flat at 330 million Twitter beat Wall Street's cautious expectations with its first quarterly profit in history, but that isn't going to solve the company's broader problems any time soon. The company isn't alone in dealing with abuse, fake accounts and attempts by Russian agents to spread misinformation. But with its troubles compounded by a revolving door of executives and stagnant user growth, Twitter has been facing questions about just who is minding the store. Every time Twitter tries to respond to a problem, it's either not good enough, or some other problem emerges. "They are playing whack-a-mole with these problems," said Michael Connor, whose Open Mic group helps investors push tech companies to address privacy, abuse and other issues. "They say they have the problem under control, but they don't know what the problem is exactly." User growth has stag
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