It's not all doom and gloom, however, since the company could post some kinda-sorta positive things on the money side. For instance, revenue from advertising and data licensing both increased, and the number of users that "engage" with Twitter's advertisements increased by 91 percent. The service also managed to keep its monthly active user numbers almost flat, dispelling the narrative that people were ditching the platform in their droves.

Money-wise Twitter pulled in $616 million, which was an eight percent bump over the cash it made in the same quarter last year. Unfortunately, the firm lost $103 million overall, and CFO (and, according to Bloomberg, de-facto leader) Anthony Noto says that the firm is becoming "more disciplined" about how it spends its money. It's hoped that fewer employees, a simplified business and "de-prioritizing certain initiatives" will help Twitter become profitable. Although Noto didn't explain which initiatives will be cut, it's going to be interesting to see what Twitter discards in an attempt to save cash.