Meanwhile, the Global X Social Media Index ETF (NasdaqGM: SOCL), which includes a large 8.9% weight in TWTR, is up 11.08% YTD according to Yahoo Finance 11 a.m. Eastern time.
The social media sector is under intense pressure, however, from lawmakers around the globe for political upheaval and the release of personal data as is the case with Facebook.
Will Growth for Twitter Last?
Twitter attributes this growth to a number of factors, including bookmarks, video timestamps, information quality and safety work.
Twitter’s turnaround is tempered by an outlook for slower growth .Looking forward, Twitter expects its revenue figures to remain relatively flat in the next quarter at around $245 million.
Twitter said it expected to increase its workforce by 10 percent to 15 percent in 2018 as it hires to improve the “health” of discussions on Twitter, “Revenue growth for the remainder of 2018 will be similar to the slower rates of 2016,” the company said.