Twitter today posted its first quarterly profit in its 12-year history. It reported $91 million in net income on $732 million in revenue.
Twitter has lost $2 billion since going public. Facebook has made $34 billion.
Twitter’s first-ever quarterly profit of $91 million barely moved the needle.
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
One quarter of profit, however, barely registers in a long line of losses. Currently, Twitter’s cumulative net loss since going public is $2.2 billion, now slightly less than the $2.3 billion in net loss it had racked up in Q3.
Twitter’s much more successful social rival Facebook has banked more than $34 billion in the nearly six years since it became a public company.
This article originally appeared on Recode.net.
See More:
