<p>Twitter swung to a loss in the past quarter as the global <a href="http://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus</a> pandemic hit advertising revenue, even as the social platform saw a surge in new users.</p>.<p>In its quarterly update Thursday, Twitter posted an $8 million loss while revenues edged up three percent to $808 million and its user base increased 24 percent.</p>.<p>Chief executive Jack Dorsey said the platform was working to be a useful resource for people during the global lockdowns.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-sees-lowest-daily-growth-rate-tally-crosses-26k-concerns-mount-over-maharashtra-827545.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>"In this difficult time, Twitter's purpose is proving more vital than ever," he said.</p>.<p>"We are helping the world stay informed, and providing a unique way for people to come together to help or simply entertain and remind one another of our connections."</p>.<p>The results appeared to ease concerns of deeper problems for the tech company, and Twitter shares jumped more than nine percent in pre-market trade.</p>.<p>Twitter said ad revenue was essentially flat in the quarter, with the pandemic hitting economic conditions in March.</p>
<p>Twitter swung to a loss in the past quarter as the global <a href="http://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus</a> pandemic hit advertising revenue, even as the social platform saw a surge in new users.</p>.<p>In its quarterly update Thursday, Twitter posted an $8 million loss while revenues edged up three percent to $808 million and its user base increased 24 percent.</p>.<p>Chief executive Jack Dorsey said the platform was working to be a useful resource for people during the global lockdowns.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-sees-lowest-daily-growth-rate-tally-crosses-26k-concerns-mount-over-maharashtra-827545.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>"In this difficult time, Twitter's purpose is proving more vital than ever," he said.</p>.<p>"We are helping the world stay informed, and providing a unique way for people to come together to help or simply entertain and remind one another of our connections."</p>.<p>The results appeared to ease concerns of deeper problems for the tech company, and Twitter shares jumped more than nine percent in pre-market trade.</p>.<p>Twitter said ad revenue was essentially flat in the quarter, with the pandemic hitting economic conditions in March.</p>