[ad_1]
Twitter shares fell to 21% on Friday after the company announced a drop of 1 million monthly users to $ 355 million, following efforts to eliminate fake accounts and stricter privacy laws Even though quarterly results have exceeded analysts' expectations, according to MarketWatch.
Before Friday's losses, Twitter stocks rose 80% this year, well above the S & P 500, 6.1%, according to News.ro
Twitter's share decline was still stronger than the fall of nearly 20% of headlines on Facebook caused by pessimistic estimates of the profit margin of the company following stricter laws on the protection of personal data
In contrast, the decline in Twitter capitalization of $ 6.6 billion is not the same as that of Facebook. $ 0 billion, the largest in the history of the Wall Street stock market.
Twitter reported net earnings for the third consecutive quarter of $ 134 million and 13 cents per share respectively. Revenues increased 24% to $ 710.5 million, exceeding FactSet's estimates of about $ 2 million.
While executives talked about the bright future of Twitter, investors reacted to the monthly decline 1 million to 355 million compared with the first quarter
The decline was expected, according to the latest news that the company eliminates about 1 million fake accounts a day. At the time, Ned Segal's chief financial officer was trying to downplay the problem
at the quarterly conference with analysts, Segal said the decline in the number of monthly active users was due to the efforts of the company to clean up its platform, not renew the text messaging contracts and the new European regulations on the protection of privacy that came into force in the second quarter.
The information published by Profit.ro can only be retrieved within 500 characters and citing the source with an active link. Any departure from this rule constitutes a violation of the Copyright Act 8/1996
[ad_2]Source link
