Twitter Stock Plunges Up To 20% After Missing On Earnings

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Twitter stock plunges up to 20% after missing on earnings by skleb1234

it faced “a number of headwinds” with its revenue for the rest of the year, including product issues and weaker-than-expected advertising business.

The social networking site missed top- and bottom-line estimates, reporting profit of just 17 cents per share, compared with the 20 cents expected. For the first time since late 2016, Twitter’s revenue didn’t surpass guidance expectations: Although it grew 9% year-over-year, revenue was reported at just over $823 million—a steep miss from the $874 million expected by Wall Street.

Quarterly advertising revenues took a hit from weak volumes in July and August, coming in at $702 million—Despite missing out elsewhere, Twitter did continue to steadily grow in a key metric—its monetizable daily user base, which rose to 145 million from 139 million last quarter.“Despite its challenges, this quarter validates our strategy of investing to drive long-term growth,” Twitter CFO Ned SegalTwitter shares were up 35% for the year before the company missed earnings expectations.

 

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skleb1234 Break up big Technology

skleb1234 🤣🤣🤣 hope it crashes to the floor. I'd love to see dorkey porkey with a begging Bowl in his hands.

skleb1234 Plunges up? Or down?

skleb1234 Twitter needs a pro subscription ad-free model. Add a higher pro+ dating version. 1.99 for adfree/month 3.99 dating.

skleb1234 interesting 😆🏒®®🏴‍☠️

skleb1234 Another one twitter drop, nothing new

skleb1234 Damn.

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