Twitter shares soar despite £86m loss

Large growth in users due to the World Cup and high advertising revenue encourages Twitter's investors

The Twitter logo
(Image credit: Bethany Clarke/Getty Images)

Twitter shares have risen sharply despite widening losses revealed in the company's second-quarter earnings report.

Markets were buoyed by an increase in users and a rise in income from advertising .The social network now has 271 million active users, which represents an increase of 24 per cent from the previous year, while advertising revenue was up 129 per cent, to $277m (£163m).

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