Twitter Nosedives 18% In Pre-Market Trading
- 6 years ago
Business insider reports that Twitter's share price fell as much as 18% in pre-market trading. This after the company reported a quarter-over-quarter decline in monthly active users.
In reporting its Q2 financials, the company beat on revenue and with EBITDA in line with estimates:
Revenue: was $711 million, up 24% year on year
Twitter blamed the active user decline on new European privacy rules and its decision not to move to paid SMS carrier relationships. It also blamed its own efforts to clean up the platform.
In reporting its Q2 financials, the company beat on revenue and with EBITDA in line with estimates:
Revenue: was $711 million, up 24% year on year
Twitter blamed the active user decline on new European privacy rules and its decision not to move to paid SMS carrier relationships. It also blamed its own efforts to clean up the platform.