Twitter’s Daily Active User Base Rises 11% In Q2 As Social Media Firm Tops Estimates

deadline.com:

Twitter exceeded Wall Street forecasts in the second quarter despite a slight downturn in users compared with the previous quarter.Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations.

The company’s daily active user base was 206 million as of the June 30 end of the quarter, slide of 1 million from the previous quarter but up 11% from the year-ago period.Among other reasons for the downward quarter-to-quarter trajectory of daily users, the breakneck pace of news in 2020, which extended into the initial months of 2021, has eased up of late.

After the January 6 assault on the U.S. Capitol, the company decided earlier to ban former president Donald Trump after flagging an