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07-27-2016, 02:41 AM
Twitter claims to be the best but investors aren't seeing results
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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 **t 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... (http://mashable.com/2016/07/26/twitter-earnings-live-tv-investors/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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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 **t 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... (http://mashable.com/2016/07/26/twitter-earnings-live-tv-investors/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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