Twitter Has Accidentally Been Overstating Monthly Active Users for Years

Twitter Has Accidentally Been Overstating Monthly Active Users for Years

Shares of Twitter (NYSE: TWTR) are enjoying strong gains today after the microblogging service reported third-quarter results. Revenue in the third quarter fell 4% to $590 million, which led to a GAAP net loss of $21 million, or $0.03 per share. Twitter posted non-GAAP net income of $78 million, or $0.10 per share.

Additionally, there was good news and bad news on the monthly active user (MAU) front.

Image source: Twitter.

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Source: Fool.com