Social Media Newsfeed: A Very Good Day for Twitter | Instagram Launches Bolt Overseas
Twitter doubles revenue, and monthly active users are up. Instagram officially announces Bolt for overseas use. These stories, and more, in today's Morning Social Media Newsfeed.
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Twitter Q2 Earnings: 271 Million Monthly Active Users, $312 Million Revenue, $0.02 EPS (AllTwitter)
Twitter’s second quarter earnings for 2014 are out, and they’ve beaten expectations across the board. The big number: Twitter now has 271 million monthly active users (MAU), a net gain of 16 million on the last quarter and up 24 percent year-on-year. The Wall Street Journal “We made progress on multiple fronts across the business, and our financial performance was truly exceptional,” said chief executive Dick Costolo on a call with analysts.
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