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Jenni Chase

Good news if you own stock in Twitter

 
Posted July 30th, 2014 @ 10:14am

Did you buy some Twitter stock when it issued its IPO? If you did, your wallet might be feeling a bit heavier.

Twitter's stock is up 25 percent in pre-market trading this morning (Wednesday) after the social network released its earnings report yesterday. And that follows a 30 percent jump in the previous session. Twitter's earnings outpaced experts' predictions, bringing in two cents per share instead of losing a penny a share. Revenues were up last quarter by about 10 percent.

Twitter is bucking the trend of flat user numbers -- the network picked up 16 million new users over the past three months.

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