Both Twitter and Facebook moved to crack down on bots and fake accounts after learning of efforts to manipulate the social platforms during the 2016 USA presidential election.
Facebook continues to grapple with big existential questions, ranging from its users' privacy to tech addiction to how it deals with fake news and misinformation, hate speech and extremism on its service.
The corporate mentioned the work it was doing to wash up Twitter by purging automated and spam accounts had some influence on person metrics within the second quarter, and that it was deciding to prioritize tackling suspicious accounts and lowering hate speech and different abusive content material over initiatives that might entice extra customers. That company is battling privacy controversies and rising regulation in Europe while also implementing costly new measures to battle disinformation on its platform.
The World Cup introduced in $30 million of income within the quarter. Those two events are behind the companies now.
Twitter reported that it posted a profit of $100 million in the second quarter, after a loss of $116 million a year earlier as revenue rose about 24 percent to $711 million.
However, Twitter stopped disclosing the number of daily users in June last year, only year-over-year percentage changes. That followed Thursday's 19 percent drop in shares of Facebook - the biggest one-day drop in history, wiping out $119 billion in market value. The Motley Fool owns shares of and recommends Twitter.
Facebook and Twitter each have hundreds of millions of users, with Facebook clearly in the lead.
"We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviors that distort and distract from the public conversation".
Brian Wieser at Pivotal Research Group said efforts to curb fake accounts "should be viewed positively because these efforts improve Twitter's position with regulators and with advertisers, who see the user base as higher quality when purges occur".
The quarterly results confirmed that Twitter has lost a measurable number of active users as it started removing inactive and locked accounts as part of its clean-up exercise in the second quarter.
Analysts expected a gain of 1 million users, and the results could harden concerns Twitter lacks a clear strategy to fix platform problems and grow usage and revenue together.
Chief executive Jack Dorsey said Twitter prioritied the long-term health of the platform over short-term metrics. Twitter refers to platform "health" when describing the spam and other issues. Management expects monthly active users to decline sequentially in Q3, falling by mid-single-digit millions. Rich Greenfield, an analyst at BTIG, tweeted this morning that daily active user count is a more reliable indicator of Twitter's revenue potential than monthly active user count, citing a research note BTIG published past year. Twitter eliminated a number of fake accounts. Non-GAAP earnings of 17 cents per share were in-line with estimates. It was attacked for allowing third parties access to user data.
The new capital expenditures forecast is for between $450 million and $500 million, up from $375 million to $450 million, as Twitter expands and upgrades the computer infrastructure underlying its service.
The Briton has won five times previously at the Hungaroring, but never in a year in which he has gone on to take the championship. The British driver complained on team radio about a lack of grip, having also been concerned with his tires.
In fact, director Ali Abbas Zafar sent the star a sweet tweet following the claims, hinting at their happy news. The report also claims that Katrina Kaif and Jacqueline Fernandez were possible alternate choices.
The move that made Marchionne's name as a dealmaker was getting General Motors to pay $2 billion in 2005 to sever ties with Fiat. Manley says issues with Ram production are resolved and he expects full production in Q4. "He represented the best of Italy".
People released from immigration detention centers are often dropped off at the McAllen bus station in the Rio Grande Valley. According to Monday's filing, the government has reunited 879 parents with their children so far, up from 450 on Friday.
We really wanted to bring in a player which we didn't have before to be honest and that's what happened with Alisson '. United States media reports say as many as 100,000 fans could pack Michigan Stadium for Saturday's game.
Burned-out cars were scattered outside gated compounds where three- and four-storey buildings bore signs of fire damage. They combed through the sea in a bid to locate people still missing after many fled to the water to escape the flames.
When the moon moves into the conical shadow of the earth, it goes from being illuminated by the sun to being dark. The longest lunar eclipse of the century will happen late Friday or early Saturday, depending on where you live.
So it's well and truly in the very early stages, but it'll be interesting to see if the pitch gauges any interest. The show was produced by Grammer's Grammnet Prods. and Paramount Network Television, CBS TV Studios' predecessor.
In June, The New York Times revealed that not only had the President known about the statement, but that he had dictated himself. The president has denied he knew about the meeting, in which damaging information on Hillary Clinton was promised to Trump Jr.
Since 2009, residents of Nabi Salah have staged regular anti-occupation protests that often ended with stone-throwing clashes. Tamimi, who was 16 at the time of her detention, faced 12 charges, including aggravated assault.
As an example of its new strategy, Wehner said Facebook will put more development muscle behind the company's Stories feature. The proof was in Facebook's stock, which during the call was down as much 24% from its price at the close of regular trading.
Former Fiat Chrysler CEO Sergio Marchionne Dies At 66
John Elkann, the chairman and chief executive of Exor, the holding company that controls Fiat Chrysler, announced the death. Meanwhile, Michael Manley has been Head of Jeep brand since June 2009 and Head of Ram brand since October 2015.
Conor McGregor Issues Statement On Plea Deal
According to MMAFighting , Mcgregor accepted the plea deal that means all the felony charges against UFC star is dismissed. Few fellow fighters Ray Borg and Michael Chiesa suffered lacerations and both being withdrawal from the fight card.