Saturday, 9 February 2019

Twitter shares tumble on forecasts for weaker revenue, higher costs

Twitter shares tumble on forecasts for weaker revenue, higher costsTwitter 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 10 percent in midday trading on Thursday. Investors' concerns over the weak forecast overshadowed strong fourth-quarter results for the social media company that included a 24 percent jump in total revenue, helped by growth in its video advertising business. Monthly active users on the social media platform fell to its lowest in two years and for a third consecutive quarter.




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