Twitter began the year with a decrease of 15 percent in stock value. It posted the financial results for the first quarter of 2017. The results of the first quarter are better than expected results which made the stocks come alive again.
The social media giant passed the first quarter of the year with financial turbulences. First, it lost 15 percent of its stock in the last three months of 2016 and then Ev Williams, one of the co-founder of the company declared that he will sell his shares.
Twitter has been complaining about not increasing the number of not having enough advertising revenues. After, starting the year with losses, it adopts some saving policies and innovations in order to increase both the number of users and advertising revenues, and to compensate its losses and increase its profits relatively.
The company, which lost $ 167 million in the last quarter of 2016, succeeded to reduce its losses in the first quarter of new Year. The total loss of the company became 62 million dollars by having just a loss of 9 cents per share in the first three-month period. Twitter has earned $ 548 million while expecting to earn $ 511.9 million during this period.
Changes in the company’s compensation system seem to be useful. It has changed the compensation system that it applies to its employees. The closure of the Vine platform has also saved a great deal. There is also an increase in the number of users. The number of monthly users of the company has reached 328 million from 310-320 million. These positive developments allowed the company to relax. After this positive report on the company, Twitter shares also rose by around 10 percent.