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Twitter Shares Plunge After Hours Despite Earnings Beat

Social media giant Twitter on Tuesday reported break-even earnings of zero cents a share on $250 million in revenues. Ad revenue is up 125% year-over-year to $226 million.
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Social media giant Twitter on Tuesday reported break-even earnings of zero cents a share on $250 million in revenues. Twitter announced advertising revenue was up 125% YOY to $226 million and mobile advertising revenue accounted for 80% of total ad revenue. Mobile monthly active users were up 31% YOY to 198 million. Twitter's team has worked to make the social network more intuitive to new users by redesigning conversation threads and making its profile pages resemble those of Facebook.

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