Twitter collapses on Wall Street (-19%) and accuses the new European data rules



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In the second quarter, Twitter became profitable and recorded a 24% increase in the turnover, but the number of monthly active users decreased for the first time since the second quarter of 2017 . For this reason, the stock came to sell 18% in the pre-market on Wall Street, then 19% in intraday. On the bench
defendants, both for Twitter and for Facebook, there is the new GDPR (General Regulation on Data Protection), which is the regulation
from the 25th of May to improve the treatment of personal data and privacy by users.
According to the San Francisco company headed by CEO Jack Dorsey, the GDPR will eventually cause a further drop in users
active and this is not good news for companies. The market takes note of it.

Twitter title trend over the past three days (source: Bloomberg)

Meanwhile, in the three months of June, the microblogging site posted net profit of $ 100,117 million, 17 cents
per share, including exceptional gains of 42 million euros for tax benefits in Brazil, compared to 116.488 million euros for red
the same period last year and in line with badysts' forecasts.

The turnover is $ 710.5 million, better than the $ 696.2 million expected by consensus. The number of users
336 million euros against 336 million euros in the previous quarter and less than 338.5 million euros expected by badysts
does not weigh on the fact that the number is increasing compared to 326 million in the same period last year). users
they will be able to come back down, since the social network is committed to eliminating false accounts in order to "clean" the platform.


As an indication, Twitter forecasts for the third quarter adjusted EBITDA between 215 and 235 million and a margin
between 33% and 34%, while for the whole of 2018, capital expenditure will be between 450 and 500 million. The results
The second quarter shows that we are working to ensure greater value for Twitter users, said the administrator
delegate Jack Dorsey, recalling that society wants people to feel confident to be able to express themselves freely and
has launched new tools to solve behavioral problems that distort and mislead the attention of the conversation
between users.

Chief Financial Officer Ned Segal Focuses on Improving Advertising: Quarterly Sales
Advertising increased by 23% to 601 million euros compared to the previous year, while advertising commitment increased by 81%. The path
activities related to licenses and other badets amounted to 109 million (+ 29%). On a regional basis, the turnover of registered business
in the United States rose 10% to 367 million, while the international rose 44% to 344 million. Expenses
increased by 3% to 631 million. Adjusted Ebitda rose from 178 to 265 million, with a margin of 37%.

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