Richard Drew / AP

Twitter's user growth picked up noticeably in the first quarter of 2017, though its revenue significantly decreased at the same time, according to its latest financial results. The company now has 328 million monthly active users, up by 9 million since the previous quarter, and growing its daily active users by 14% since the year-ago quarter.

Revenue tank: Though it beat analyst estimates, Twitter's quarterly revenue dropped to $548 million, down from $717 million the previous quarter, and an 8% year-over-year decrease. However, the company managed to shrink its quarterly net loss to $62 million, its lowest in the past year.

Why it matters: While advertising revenue took a dive, revenue from data licensing grew, and Twitter lowered its cost-per-ad engagement, signaling users are engaging more with its ads, which is a positive for advertisers. Furthermore, Twitter stock rose by up to 10% in pre-market trading following the release of its quarterly results.

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Updated 3 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 11,520,461 — Total deaths: 535,499 — Total recoveries — 6,231,052Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 2,911,888 — Total deaths: 130,101 — Total recoveries: 906,763 — Total tested: 35,515,075Map.
  3. Public health: Case growth outpacing testing in hotspots.
  4. States: West Virginia becomes latest state to mandate facial coverings in public.
  5. Politics: Atlanta Mayor Keisha Lance Bottoms tests positiveCuomo accuses Trump of "enabling" the coronavirus surge — Sen. Chuck Grassley opts out of attending GOP convention over coronavirus concerns.
22 mins ago - Health

Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus

Mayor Keisha Lance Bottoms consoles the family of Rayshard Brooks on June 23 in Atlanta, Georgia. Photo: Curtis Compton-Pool/Getty Images

Atlanta Mayor Keisha Lance Bottoms said on Monday that she has tested positive for the coronavirus after displaying no symptoms.

Why it matters: Bottoms, one of several Black women on the shortlist to be Joe Biden's running mate, has risen to national prominence in recent months as part of mass protests over racism and police brutality — driven in part by the killing of Rayshard Brooks by Atlanta police.

Trump ramps up culture war attacks

Photo: Tasos Katopodis/Getty Images

President Trump's attacks are spreading to sports that are cornerstones of rural, conservative white American life.

Why it matters: The culture war that engulfed the NBA and NFL is reaching other major leagues, with teams that stonewalled activists for years suddenly showing a willingness to listen.