Pages Navigation Menu

United States news, headlines, events , stories and all that is trending today

Twitter claims to be the best but investors aren’t seeing results


Twitter has become a new host for live video, and simultaneously more of the world is cozying up to the tiny screen. 

Still, Twitter’s worst enemy, Wall Street, is not impressed.

The microblogging site reported an additional 3 million monthly active users, a 3 percent change year-over-year that increased its base to 313 million, in its second-quarter earnings report Tuesday.

That bump was 1 million more than Wall Street expected, and yet shares of Twitter dropped by more than 10 percent in after-hours trading. 

The San Francisco company didn’t do itself any favors by missing just about all of Wall Street’s financial expectations. The company reported revenue of $602 million, a 20 percent increase year-over-year but still below what was widely predicted. Read more…

More about Streaming Media, Business, Twitter, Media, and Advertising

This post is from Mashable. Click here to read the full text

The best life hacks ever revealed to help make things easy everyday

Follow us on twitter @UnitedStatesTD

Also, Like us on facebook

Leave a Comment

Your email address will not be published. Required fields are marked *