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Twitter posts 41% rise in advertising revenue but lawsuit hits profits

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Twitter has reported a 41% rise in advertising revenue in the third quarter, but saw net losses sink to US$537 million after settling a lawsuit with shareholders. In Q2 2021 the company reported total revenue of US$1.19 billion (A$1.61 billion), up 74% year-on-year.

The loss – which followed a…



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