Twitter profits slump after settling long-running lawsuit..

by NTOI Web Desk

Twitter lost more than half a billion dollars in the three months to September after it paid $809.5m (£588m) to settle a long-running lawsuit.

The social media giant was accused of misleading investors over user engagement in 2015.

However despite this one-off charge, its quarterly revenue grew 37% as it managed to shrug off the impact from Apple’s privacy changes which hit rivals such as Snap and Facebook.

This sent Twitters shares up 3%.

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