Twitter shares fall on disappointing forecast, decline in users [Toronto Globe and Mail (Ontario, Canada)]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: Toronto Globe and Mail
Twitter shares fall on disappointing forecast, decline in users Twitter Inc. forecast that revenue in the first quarter would be weaker than expected while full-year operating costs would rise, sending shares down more than 1 per cent in midday trading on Thursday. Investors’ concerns over the weak forecast overshadowed strong fourth-quarter results for the social-media company – including a 24-per-cent jump in total revenue, helped by growth in its video-advertising business. The number of monthly active users on the social-media platform fell to its lowest point in two years and for a third consecutive quarter. Twitter said it would no longer disclose monthly active users, a statistic internet companies have routinely reported over the past decade, and would instead provide the number of monetizable daily active users. Story continues below advertisement Twitter has been emphasizing improving the health of the platform, which includes the removal of thousands of spam and suspicious
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