{"id":101216,"date":"2020-10-30T15:02:57","date_gmt":"2020-10-30T12:02:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/twitter-shares-plummet-after-user-growth-falls-short\/"},"modified":"2020-10-30T15:02:57","modified_gmt":"2020-10-30T12:02:57","slug":"twitter-shares-plummet-after-user-growth-falls-short","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/twitter-shares-plummet-after-user-growth-falls-short\/","title":{"rendered":"#Twitter shares plummet after user growth falls short"},"content":{"rendered":"

“#Twitter<\/a> shares plummet after user growth falls short<\/strong>”
\n<\/p>\n

\n Twitter\u2019s stock price plunged in premarket trading Friday as the social network added far fewer users than Wall Street expected in the third quarter.<\/p>\n

The San Francisco-based tech giant\u2019s shares were down 15.5 percent at $44.30 as of 7:35 a.m. a day after it reported having 187 million average monetizable daily active users from July to September, an increase of just 1 million from the prior quarter.<\/p>\n

The figure marked a 29 percent increase from the same period last year but fell well short of Wall Street analysts\u2019 expectations<\/a> for 195.2 million users.<\/p>\n

Twitter also predicted a rocky three months ahead as it navigates the presidential election and scrutiny of its attempts to limit political disinformation, which drew fire from Republicans at a heated Senate hearing this week.<\/p>\n

Twitter\u2019s third-quarter revenues climbed 14 percent from last year to $936 million, but the company said it\u2019s \u201chard to predict\u201d how advertisers might react as the contentious election nears.<\/p>\n

It noted that many brands paused or slowed down ad spending amid the anti-police brutality protests that swept the nation in May and June.<\/p>\n

\u201cThe period surrounding the US election is somewhat uncertain, but we have no reason to believe that September\u2019s revenue trends can\u2019t continue, or even improve, outside of the election-related window,\u201d chief financial officer Ned Segal said on a call<\/a> with investors Thursday.<\/p>\n

Twitter also expects its costs and expenses to grow close to 20 percent in the fourth quarter because of increased investments that it had intended to make before the COVID-19 pandemic struck.<\/p>\n

Twitter\u2019s earnings report came a day after Sen. Ted Cruz ripped CEO Jack Dorsey over the company\u2019s handling of The Post\u2019s articles about Hunter Biden, the son of Democratic presidential candidate Joe Biden.<\/p>\n

Twitter locked The Post out of its primary Twitter account and blocked users from sharing the links to articles based on emails from a laptop that reportedly belonged to the younger Biden. The platform later lifted its blockade on the links but continues to prohibit The Post from tweeting from its main account.<\/p>\n

With Post wires<\/em>\n <\/div>\n

\n

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\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Twitter shares plummet after user growth falls short” Twitter\u2019s stock price plunged in premarket trading Friday as the social network added far fewer users than Wall Street expected in the third quarter. The San Francisco-based tech giant\u2019s shares were down 15.5 percent at $44.30 as of 7:35 a.m. a day after it reported having 187…<\/p>\n","protected":false},"author":1,"featured_media":101217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/twitter-support.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77729,70237,70359,10401],"class_list":["post-101216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-30-20","tag-corporate-earnings","tag-stocks","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=101216"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/101217"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=101216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=101216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=101216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}