Twitter posted a net loss Tuesday due mostly to a lawsuit settlement it paid, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globeTwitter posted a net loss Tuesday due mostly to a lawsuit settlement, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globe. The San Francisco-based company said Tuesday that its net loss was $536.8 million, or 67 cents per share, in the July-September quarter. Revenue rose 37% to $1.28 billion from $936.2 million. Twitter said it had 211 million daily active users, on average, in the third quarter, up 13% from a year earlier. Shares of Twitter rose $1.29, or 2.1%, to $62.72 in after-hours trading.

Source: ABC News October 27, 2021 00:03 UTC