The Presidential Daily Brief


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    Twitter Posts First-Ever Profit

    It’s on the up-and-up. For the first time in its 12-year history, the microblogging network turned a profit, netting $91 million last quarter on $732 million in revenue. It’s an encouraging milestone for Twitter, whose users stagnated near 330 million in 2017 as it busied itself purging malicious bots and hate speech while contending with several failed takeover attempts. The company’s long-suffering stock shot upward with the news. “I’m proud of the steady progress we made in 2017,” said CEO Jack Dorsey, “and confident in our path ahead.”

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