Wednesday, April 29, 2015

Twitter Earnings, Released Early, Disappoint Investors; Shares Plunge - NYTimes.com

Earnings report obtained and published early on ... Twitter; also see Nasdaq Takes Blame for Twitter’s Earnings Leak (WSJ)
"“User growth doesn’t appear to be notably improving, and now monetization is failing to live up to expectations,” said Richard Greenfield, an analyst with BTIG Research. “That’s why the stock is selling off so hard. The question is, How much of this is Twitter’s own missteps versus how much of this is peers such as Facebook, Instagram and Snapchat eating into their advertising?”

Twitter said that 302 million people used its service at least once a month during the first quarter. That is up from 288 million in December and in line with recent trends. But the figure failed to impress investors, who have been eager to see results from recent changes Twitter has made to help newcomers better understand how to use its service."
Twitter Earnings, Released Early, Disappoint Investors; Shares Plunge - NYTimes.com
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