1. TechSpot is dedicated to computer enthusiasts and power users. Ask a question and give support. Join the community here.
    TechSpot is dedicated to computer enthusiasts and power users.
    Ask a question and give support.
    Join the community here, it only takes a minute.
    Dismiss Notice

Twitter shares tumble as user growth slows to a snail's pace

By Shawn Knight ยท 7 replies
Oct 27, 2015
Post New Reply
  1. Twitter on Tuesday turned in another disappointing earnings report that sent shares plummeting in after-hours trading.

    For the period ending September 30, Twitter reported revenue of $569.2 million. That’s 58 percent higher than the $361 million it generated last year and a bit higher than the $559.6 million that analysts were expecting. Even still, the company recorded a loss of $131.7 million, or $0.20 per share – an improvement over the $175.5 million, or $0.29 per share, it posted in the year-ago period.

    Twitter said its total active monthly user count grew by just four million users during the past three months, from 316 million to 320 million. WhatsApp, in comparison, surpassed the 900 million actively monthly user milestone last month. Instagram, meanwhile, now has over 400 million users – many of which are outside of the US – while social networking king Facebook enjoys a whopping 1.5 billion active monthly users. Facebook added 49 million new active monthly users during its second quarter.

    All things considered, it’s clear that recently reappointed CEO Jack Dorsey has his work cut out for him. The executive said his company continues to see “meaningful progress” across three areas of focus – ensuring more disciplined execution, simplifying its services and better communicating the value of its platform.

    Earlier this month, Dorsey revealed plans to cut more than 330 jobs as part of an internal restructuring effort. Just last week, he apologized to developers and vowed to “reset” the tarnished relationship created under the previous regime and also announced plans to give a third of his Twitter stock to his employees.

    Permalink to story.

  2. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 11,513   +5,077

    Another example of how we as a society encourage leaches. There is nothing worse than a share holder that has nothing to do with a company and then drops them as soon as things slow down. That's the equivalent of pissing on people that make your fortune.
    H3llion likes this.
  3. yRaz

    yRaz Nigerian Prince Posts: 2,937   +2,261

    this is what you call a "correction". The shares were over valued at that price and many people were just along for the ride. Right now I think twitter shares are undervalued which will be fallowed by another correction. I'd say twitter is a pretty good buy right now
    p51d007 likes this.
  4. ninjagai

    ninjagai TS Rookie Posts: 26   +17

    I think that's what happens when you flood the front page with feminist propaganda.
    p51d007 likes this.
  5. mrtraver

    mrtraver TS Evangelist Posts: 428   +139

    TBH, I never "got" Twitter. I used it some before I got a smartphone, but Facebook takes care of my needs now. Literally the only thing I still use Twitter for is to receive notifications from my kids' school. What am I missing out on?? (Seriously, I want suggestions! :) )
    p51d007 likes this.
  6. Kenrick

    Kenrick TS Evangelist Posts: 630   +403

    well you can receive tweets from Kanye West and then change the world
    p51d007 and mrtraver like this.
  7. p51d007

    p51d007 TS Evangelist Posts: 2,016   +1,281

    From the commercial...you can order pizza via twitter.
    mrtraver likes this.
  8. p51d007

    p51d007 TS Evangelist Posts: 2,016   +1,281

    I never got the whole "twitter revolution" anyway. Today, all it is good for is stirring up trouble.
    A tweet goes out about something (black lives matter) or similar, and by the time it is vetted, and proved
    untrue, it won't matter, the useful *****s will have burned down a town, or worse.

Add your comment to this article

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...