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08/02/2018 Twitter reports its first quarterly profit as a public company

Twitter has posted its first quarterly profit in the company’s 12-year history, although a clampdown on fake accounts meant it lost users in the US and overall user growth stalled. The San Francisco-based social network, which went public 5 years ago, made a profit of $91m in the 4th quarter of 2017, compared with a $167m loss a year earlier, after cutting costs.