Twitter will invest $2.5 million over three years to invest in its infrastructure and software in order to support increased communications with more users and increase engagement among its users, the company announced Thursday.
“We’re working hard to get the most out of our communication capabilities, and are excited to announce that we’re committed to supporting Twitter’s growth with additional investment in our infrastructure,” Twitter’s chief executive, Dick Costolo, said in a statement.
“By investing in new communications tools, we’re also making it easier for our customers to be more engaged and share more.
And with the right tools and software, we can also make the world a better place.”
Twitter’s messaging tools are now used by more than 300 million people and are used by companies such as Uber, Airbnb, Airbnb.com, Airbnb for Business, TripAdvisor and TripAdvance.
Twitter is also using its platform to let users submit and share photos and videos.
“Twitter is a social platform that is changing the way people communicate,” Costolo said.
“As more people become social media savvy, we want to be able to better engage with them, share stories, and help them connect with friends and families around the world.”
Twitter said it will use the $2 million to improve its communications infrastructure.
“To meet this challenge, we will spend up to $2 billion in 2018 on infrastructure upgrades, to enable our users to better communicate with each other, and to increase engagement between users,” the company said.
The announcement comes after Twitter was the target of an antitrust investigation earlier this year after it became the target for an investigation into anti-competitive behavior.