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Twitter Shares Fall 11% On Results

posted by cmn32480 on Thursday October 29 2015, @09:09AM   Printer-friendly
from the 140-characters-should-be-enough-for-anybody dept.

Phoenix666 writes:

Twitter reported a rise in revenue for the three months to September but the pace of growth in active users was the slowest since it joined the stock market in 2013.

Twitter had 320 million average active monthly users, up from 316 million the previous quarter, below investor hopes.

The social networking site reported revenues of $569m, up 58% from $361m during the same period last year.

The company's shares fell 11% after the results announcement.

Revenues up, active users up, shares down.

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  • (Score: 5, Insightful) by aristarchus on Thursday October 29 2015, @09:20AM

    by aristarchus (2645) on Thursday October 29 2015, @09:20AM (#255942) Journal

    I just want to say: "Die, Twitter, Die!"

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  • (Score: 0) by Anonymous Coward on Thursday October 29 2015, @11:22AM

    by Anonymous Coward on Thursday October 29 2015, @11:22AM (#255965)

    Ah yes, like the Germans say, "The Twitter, the."

  • (Score: 1, Funny) by Anonymous Coward on Thursday October 29 2015, @12:22PM

    by Anonymous Coward on Thursday October 29 2015, @12:22PM (#255982)

    #dietwitter

    (ducks)

  • (Score: 2) by Phoenix666 on Thursday October 29 2015, @12:52PM

    by Phoenix666 (552) on Thursday October 29 2015, @12:52PM (#255986) Journal

    I've been saying that for years. To their credit, they have kept their staff small and burn low, unlike most VC-funded tech companies on the pump-and-dump plan.

    --
    Washington DC delenda est.