Twitter shares surge as Trump accuses it of 'political games'

Twitter shares surge as Trump accuses it of 'political games'

Twitter revenue surges after changes to its platform

The president, who has 60 million followers, said he would have even more if "Twitter wasn't playing their political games".

For the first quarter of 2019, Twitter's revenue rose 18% from a year ago to $787m, surpassing Wall Street expectations of $776.1 million.

The longstanding metric of monthly active users was 330 million in the January-March period, an increase of nine million from the past quarter but down slightly from a year ago.

Aside from focusing on financials, Twitter CEO Jack Dorsey released a statement updating Twitter's actions to reducing abuse on its platform.

The firm was trying to reduce the burden on victims by using artificial intelligence to spot abusive tweets and to take them down before they were reported, he said. Twitter, along with Facebook and Google, has denied the existence of any political bias.

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"Our number one priority as company continues to be health", Dorsey told a conference call.

Dorsey added: "We're also continuing our work to make Twitter more conversational via the launch of our public prototype app (twttr), with the end goal of making conversation on Twitter feel faster, more fluid and more fun".

Share opened 8 per cent higher Tuesday.

Trump has one of the most-followed accounts on Twitter, with almost 60 million followers.

"The best thing ever to happen to Twitter is Donald Trump", Trump tweeted, quoting Fox News host Maria Bartiromo.

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On Tuesday morning, Trump said that the social media platform did not "treat me well as a Republican".

Twitter shifted focus to daily users for the first time in the December quarter, arguing that it's a more meaningful metric than monthly visitors because the company aims to drive people to the service every day. "Constantly taking people off list", Trump wrote. Big complaints from many people.

Democratic U.S. Senator Mazie Hirono said earlier this month "we can not allow the Republican party to harass tech companies into weakening content moderation policies that already fail to remove hateful, risky and misleading content".

The quarterly results appear to show Twitter on a positive track, according to Jasmine Enberg of the research firm eMarketer.

Twitter turned in another quarter that topped Wall Street earnings estimates and grew its user base on both a daily and monthly basis sequentially - as the company touted success of efforts to thwart abuse on the platform.

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