Twitter just dropped earnings, but we're more interested in its recent shopping spree

As thick as Jack Dorsey's beard... Twitter's earnings. The little blue bird (apparently named Larry) just delivered 2020 results. It was a news-packed year, to say the least. As usual, Twitter served as the hub for current events convos.

• Last year: Twitter posted a $1.1B loss, compared to a $1.5B profit in 2019. Its yearly sales growth pales in comparison to Snap and Facebook's.
• Last quarter: Sales jumped 28%, and profit nearly doubled from 2019, suggesting a recovery from the early pandemic ad dip.
• Post-Trump: Twitter banned Trump's account a week after its most recent quarter ended. But its January usage was above average compared to recent years, and is expected to remain strong this quarter.

Larry flying high... Twitter stock soared to a record high yesterday. The positive outlook soothed concerns that engagement would drop post-Trump-era. But investors might also be eyeing Twitter's 60-day shopping spree:

• In December, Twitter bought screen-sharing social app Squad. The tech could allow users to host live video chats on Twitter, a la Zoom.
• In January, Twitter snatched up the team behind social podcasting app Breaker to help with its new audio-based social "Spaces" (Clubhouse vibes).
• Also in January, Twitter acquired email newsletter startup Revue. Twitter plans to use it to allow people to sign up for content directly on Twitter.