profishingrods.com
profishingrods.com April 24, 2019


Twitter shares plunge 10% after disappointing revenue forecast

10 February 2019, 12:11 | Joann Bryant

Twitter shares plunge 10% after disappointing revenue forecast

Twitter shares plunge 10% after disappointing revenue forecast

Twitter released the figures as part of its fourth-quarter earnings report.

Twitter's profit in the fourth quarter increased to $255.3 million, or 33 cents a share, from $91.1 million, or 12 cents a share, a year earlier, added the Dow Jones report supplied to EFE.

"2018 is proof that our long-term strategy is working", Jack Dorsey, Twitter's chief executive, said in a statement. Furthermore, he said the company is finding ways to make Twitter conversations easier to follow as a core differentiation factor.

It's not completely clear why Twitter chose now to reveal this number, as usually it only announces its monthly active users, which for the previous quarter was 321 million. And the switch to a monetisable daily user count enables Twitter to put a more positive spin on how it's doing, but even there, Twitter is giving off the impression that it's trying to paint a rosier picture than reality-at least when it comes to the competition.

Twitter attributed the drop in MAUs to its purge of fake accounts, trolls, and hate mongers from its platform, and claims it's seen a 16% drop in abuse reports from the year-ago quarter.

Increased spending is a common theme across social media companies, including Facebook and Google, as they double down on efforts to clean up their respective platforms, Summit Insights analyst Jonathan Kees said.

"We have continuing concerns about users and growth", said Scott Kessler of the research firm CFRA.

Twitter beat on both the top and bottom lines. Advertisers come to Twitter because we have one of the most valuable audiences when they are most receptive, and we generate a high return on investment against their campaign objectives whether they are launching a new product or connecting with what's happening on Twitter.




Markets also appeared unsettled by a weaker-than-expected revenue outlook for the current quarter and rising expenses.

Q4 was the fifth quarter in a row that the social network reported a profit, with revenue of US$909 million and 31 cents earnings per share, however, its shares tumbled approximately 8% in premarket trading as the social network forecasts a less successful 2019.

"The falloff in monthly active users is likely a continuation of Twitter's efforts to remove questionable accounts".

Twitter's number of daily active users rose 9 percent in the fourth quarter to 126 million.

Twitter's stock fell $3.53, or 10.4 percent, to $30.62. The company's 126 million daily users falls below that of other social media companies like Snapchat, which has 186 million DAU, and isn't in the same stratosphere as Facebook, which has more than 1.5 billion people logging in each day.

For the first time, we now have an idea of the number of monetizable Twitter daily users; that is, the number of people who log in to Twitter each day and potentially view an advertisement.

A tweet by the company said the focus on health and safety remains a priority.



Other News

Trending Now

Amazon may be rethinking plans for New York City headquarters
The source said New Jersey officials have not been given any indication that Amazon is considering moving out of NY . At the outset of its search previous year , Amazon said it was looking for a business-friendly environment.

Kearney returns from injury for Scotland clash
Rob Kearney will return at full-back for Ireland's Six Nations trip to Scotland , with Chris Farrell parachuted into the centres. That injured trio have now been joined by Robbie Henshaw, who according to Schmidt has failed to shake off a dead leg.

Top Va. Republican Senator Edited 1968 Yearbook With Blackface Photos, Racial Slurs
Apart from Watson's statement , there's additional corroboration, of sorts, of Tyson's assault claim against Fairfax. Kurtis Blow has issued a response to Virginia Attorney General Mark Herring's explanation for wearing blackface.

Samsung Galaxy S10E renders in Canary Yellow colour leaked
The Samsung Galaxy S10e is rumoured to be coming with a 5.8-inch "Infinity O" display, making it the smallest of the S10 trio. As of now, there is no confirmation in regards to when Samsung will actually launch the third smartphone from its M series.

Pope Francis Admits Priests And Bishops Sexually Abused Nuns
She said the issue was abusive power relationships, with clerics controlling everything from nuns' vocations to their salaries. Vatican spokesman Alessandro Gisotti later confirmed that Pope Benedict dissolved the Community of St.

The best Moto G7 deals
There's now no word on price but Motorola's G series have always been incredibly good value and we expect them to cost under £300. Motorola rolled out the Moto G7 Plus , which has a 16MP dual camera system, AI and camera software to help you land good shots.

Australia and U.S. make record crystal meth bust
Authorities have seized a record haul of 1.7 tonnes of the drug ice , worth about $1.29 billion and about 17 million street deals. They are believed to be involved with the US -based transnational crime syndicate suspected of conducting the record shipment.

USA military ready to 'protect' diplomats in Venezuela - admiral
These supplies include food, hygiene kits, blankets, water containers, kitchen sets, water bladders, and nutritional supplements. The bridge is at the same site where officials plan to store humanitarian aid that Guaido is vowing to deliver to Venezuela.

Pelicans trade Mirotic to Bucks in deal involving Pistons
The 76ers added Butler in their first blockbuster trade earlier in the season. Mirotic was the No. 23 overall pick in the 2011 NBA Draft.

England confirm Itoje is out of action for France and Wales matches
Losing their second row talisman for Sunday's clash with France and nearly certainly Wales a fortnight later is a substantial blow to Eddie Jones' men.