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Twitter Profits Surge After Trump Ban

Twitter brings in billions after ditching Donald Trump.

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Despite some who said Twitter would be hit hard after its decision to ban Donald Trump from the service, the company reported massive earnings in its quarterly announcement on Thursday.

The decision to ban Trump did not affect the California company’s bottom line, with billions of dollars pouring in.

“Q2 revenue totaled $1.19 billion, an increase of 74% year over year. Net income was $66 million, representing a net margin of 6% and adjusted earnings per share of 20 cents. On average, financial analysts expected Twitter to post $1.06 billion in revenue and adjusted EPS of 7 cents,” Variety reported.

Twitter’s stock shot up 8% after it announced the earnings.

Trump was banned from Twitter for violating the service’s terms of services. Trump promoted lies that he had won the election and also incited people to commit acts of violence via his Twitter account.

Trump’s account as a key tool he used to promote himself and to advance his presidential campaign in 2016.

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