Twitter is having a particularly grim day, down 20% after underwhelming Wall Street with its third-quarter results last night.
That’s a surprising reaction in some ways -- Twitter beat forecasts with earnings of 19 cents per share, against forecasts of 6 cents. Revenues were much stronger than forecast too ($936m vs $777m expected).
But, Twitter’s monetizable daily active users were lower than expected (187m vs
195m), which has disappointed investors.
Darrel Jorstad (@darreljorstad)
Down 20% today folks... Happy Friday! Twitter shares plummet after user growth falls short https://t.co/EMumLqS7Rp via @nypost