Twitter swung to a loss in the past quarter as the global pandemic hit advertising revenue, even as the social platform saw a surge in new users.
In its quarterly update Thursday, Twitter posted an $8 million (roughly Rs. 60 crores) loss while revenues edged up three percent to $808 million (roughly Rs. 6,065 crores) and its user base increased 24 percent.
Chief executive Jack Dorsey said the platform was working to be a useful resource for people during the global lockdowns.
“In this difficult time, Twitter’s purpose is proving more vital than ever,” he said.
“We are helping the