Twitter confirmed on Thursday that it has recorded a bigger than expected decline in the number of active monthly users during the third quarter of 2018. Despite this, Twitter’s ad revenue was up by 29% surpassing Wall Street’s expectations for the period under review.
The escalating trade war between the US and China as well as tightening monetary policies have been cited as two of the biggest risks to long-term growth according to economists.
Sears, one of America’s most renowned retailers, has filed for Chapter 11 bankruptcy. It seems the staggering losses suffered in recent years and the crashing debt have finally taken their toll.
President Trump has hit back at veteran writer Bob Woodward criticizing his highly anticipated book called “Fear.” Trump sent a tweet on Monday morning blasting Woodward and called the book a “joke.”
Twitter revealed on Thursday that it has permanently banned the account of right-wing conspiracy theorist Alex Jones. The social media company also said that Jones’s website will be banned from the platform.
Supreme Court nominee Brett Kavanagh faced a lengthy grilling at the capitol on Wednesday. Kavanagh refused to address a question by one of the panelists whether a sitting president should be subpoenaed.