Twitter’s efforts to clamp down on bullying and fake news appeared to pay off in the first quarter as it attracted more new users than expected.
The company reported its sixth consecutive quarterly profit and revenue that surpassed analysts’ expectations.
The numbers impressed Wall Street’s investors, who sent its shares soaring by 15.7 per cent, or $5.40, to $39.77 in New York last night.
Twitter, which is valued at nearly $30 billion, was founded in 2006 by Jack Dorsey, Evan Williams, Noah Glass and Biz Stone. It now makes most of its money from digital advertising. The company has long been criticised by campaigners for failing to police abuse and from politicians for allowing the spread of propaganda and fake news on its platform. Investors