Around the Net
Twitter's UK Staff Enjoy Shares Windfall
- The Guardian, Wednesday, October 7, 2015 6:48 AM
Twitter UK staff benefited from a GBP14m share bonanza last year as the social media site doubled profits and revenues. Twitter made a pre-tax profit of GBP3.2m last year, almost double the GBP1.7m reported in 2013, according to the latest financial records at Companies House. The company, which paid no corporation tax thanks to past tax credits, also more than doubled revenues from GBP24m to GBP58m year-on-year. Twitter’s UK staff benefited from a GBP14m shares windfall -- up from GBP7.1m in 2013.
