Millions of people have recently jumped on the Twitter bandwagon, flocking to the social media platform

This week twitter agreed to be bought by billionaire Elon Musk.

The platform says its user numbers have skyrocketed at an unexpected pace over the past year.

Advertising revenue has also been rising, but by less than was forecast.

In the latest quarter it made a profit of $513 million on revenues of $1.2 billion.

Daily active users of the platform rose to 229 million, up from 199 million a year earlier.

New users grew faster outside the US than in its home market where numbers were up.

This week Twitter’s board agreed a $44 billion dollar sale to the world’s richest person, and a vocal user of the platform.

Some observers have questioned Mr Musk’s commercial judgement in buying Twitter, a platform that despite its high profile has not consistently made high returns.

Twitter also says revenues had been affected by “headwinds associated with the war in Ukraine”.