Wednesday, October 28, 2015

Dismal Twitter Forecast and Flat User Growth Send Its Stock Lower - The New York Times

Tbd if the "dismal" forecast will put TWTR into an acquirer's strike zone

"On Tuesday, Twitter gave a dismal forecast for its fourth-quarter revenue and profits. Shares in Twitter, a social media company, plunged as much as 13 percent in after-hours trading as Mr. Dorsey and his lieutenants offered little explanation for the gloom in a conference call with investors. In a similar call three months ago, Mr. Dorsey’s pointed critique of Twitter’s product failings sent the stock down 11 percent.

The new projections, delivered as the company exceeded analysts’ expectations for its third-quarter results, provided fresh evidence that Twitter is failing to win over advertisers, the source of most of its revenue, as it confronts stiffening competition from Facebook, Instagram and Google."
Dismal Twitter Forecast and Flat User Growth Send Its Stock Lower - The New York Times
Post a Comment