Wednesday, July 27, 2016

Twitter, Grappling with Anemic Growth, Tries to Bolster Its Advertising Business - The New York Times

Tbd if Tim Armstrong has a place in mind for Twitter in Verizon's advertising network...

"On Tuesday, Twitter’s ailing position among its peers was underscored once more when the company reported its worst quarterly revenue growth ever and only a slight increase in users for the second quarter. The company also signaled that its prospects were unlikely to improve in the short term.

Twitter posted revenue of $602 million for the quarter, up 20 percent from a year ago and below Wall Street estimates of $607 million. Its net loss narrowed to $107 million, or 15 cents a share. Twitter’s users grew 3 percent from a year ago, to 313 million.

Looking ahead, the company projected revenue of $590 million to $610 million for the current quarter, far below analyst estimates of $681 million."
Twitter, Grappling with Anemic Growth, Tries to Bolster Its Advertising Business - The New York Times
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