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02-09-2017, 03:52 PM
Trump's antics didn't help Twitter bring in more revenue
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Twitter isn't having a good moment.*
The microblogging site turned live video app brought in $717 million this past quarter, quite overwhelmingly missing analysts' expectations of $740.1 million. The poor financial results come amid a popular time for Twitter to mainstream American consumers, with President Donald Trump taking to the platform daily to share "fake news" updates.*
It also comes amid a turnaround plan to curb abuse on the network and bring in more money and user attention through live video deals.*
The low revenue is **t good news for Twitter, which has had a contentious relationship with Wall Street due to stagnant user growth and an inability to turn a profit. The stock fell more than 9 percent in early morning trading. Meanwhile, its similarly aged foe Facebook pulled in $8.8 billion (http://mashable.com/2017/02/01/facebook-earnings-record-user-growth/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) in revenue over the same quarter, sending the stock to new heights.* Read more... (http://mashable.com/2017/02/09/twitter-earnings-revenue-trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Twitter isn't having a good moment.*
The microblogging site turned live video app brought in $717 million this past quarter, quite overwhelmingly missing analysts' expectations of $740.1 million. The poor financial results come amid a popular time for Twitter to mainstream American consumers, with President Donald Trump taking to the platform daily to share "fake news" updates.*
It also comes amid a turnaround plan to curb abuse on the network and bring in more money and user attention through live video deals.*
The low revenue is **t good news for Twitter, which has had a contentious relationship with Wall Street due to stagnant user growth and an inability to turn a profit. The stock fell more than 9 percent in early morning trading. Meanwhile, its similarly aged foe Facebook pulled in $8.8 billion (http://mashable.com/2017/02/01/facebook-earnings-record-user-growth/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) in revenue over the same quarter, sending the stock to new heights.* Read more... (http://mashable.com/2017/02/09/twitter-earnings-revenue-trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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