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Wednesday, July 30, 2014
Twitter Says Its User base Increased

Twitter has managed to stop a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup.

The company on Tuesday reported monthly active users had risen by 24 percent. Twitter saw users increase to 271 million, still dwarfed by rival Facebook's 1.3 billion.

Timeline views also exceeded expectations with a 15 percent increase, far outpacing the roughly 8 percent expected.

For the current quarter, Twitter is forecasting revenue of $330 million to $340 million.

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