Twitter stalls, fails to add new users this quarter

From The Verge: Twitter did not add any new monthly active users in the past three months, but said 12 percent more users are accessing the site on a daily basis than in the same quarter last year. The number of monthly active users stands at 328 million, but the company declined to disclose a daily active user number, according to Bloomberg.

"We're strengthening our execution, which gives us confidence that our product improvements will continue to contribute to meaningful increases in daily active usage,” Twitter CEO Jack Dorsey said in a statement on the company’s second quarter earnings. “We're also encouraged by the progress we're making executing against our top revenue generating priorities as we focus on making Twitter the best place to see and share what's happening.”

Twitter depends on adding users to bolster its ad sales and reach, but its image has been hurt by a bullying and abuse culture it is trying desperately to diminish. According to its shareholder letter released today, however, the company noted that there’s been a 25 percent reduction in reports of abuse at the same time the number of abusive accounts it takes action on has increased by tenfold.

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