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-Signs, Portents, and the Weather-
Twitter Stock Bombs
2021-05-01
[Epoch Times] Twitter’s stock dropped about 13 percent on Friday to $56.74 per share after the firm issued weak second-quarter guidance on revenue growth while its user numbers fell short of expectations.

The San Francisco-based tech giant said its average monetizable daily active users increased 20 percent year-over-year to 199 million. Some analysts had expected the number to exceed 200 million.

CFO Ned Segal said Twitter’s results were a "solid start" to the year and said that app promotion and brand advertising increased.

"Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32 percent year-over-year growth in ad revenue in [the first quarter]," he said in an earnings call.

Segal said that revenue growth was down in the United States was because of the COVID-19 pandemic.
Posted by:Bobby

#6  Individual economies must evolve their own national social media platforms, encourage citizens to shift base gradually. And the importance of accountability for posts cannot be stressed enough.

Wherever possible, governments must harass such companies constantly, with blocks and arbitrary regulations... reduce their usage to only a minority who can use VPNs and proxies.

Make a nation conscious platform, with accountability part of the online culture, and arm twist the entertainment industry, the media and celebrities into promoting it.
Posted by: Dron66046   2021-05-01 09:56  

#5  ...after the firm issued weak second-quarter guidance on revenue growth while its user numbers fell short of expectations.

Two surefire hits on the bullshit meter there, as they avoid talking about the key concepts of earnings and profitability. Here's a blurb that I found when typing into Bing 'Is Twitter a profitable company':

After losing money for years, Twitter has now posted five straight quarters of profits, even though its revenue growth has slowed. The financial performance was marred by a drop in Twitter users for a third consecutive quarter. The company said it had 321 million users in the fourth quarter, down from 326 million in the previous quarter.

If you're looking for a dividend, look elsewhere. ExxonMobil just reinstated their dividend, and at least their stock price isn't a three digit multiple of earnings they don't have, like Twitter's is.
Posted by: Raj   2021-05-01 09:41  

#4  so force everyone to stay at home for months on end, where they have little to do except waste time on the internet and Twitter, and you still can't make a buck with a service that is based entirely on the internet?

Pull the other one, it's got bells on it
Posted by: Retard Strength   2021-05-01 09:40  

#3  Segal said that revenue growth was down in the United States was because of the COVID-19 pandemic.

Are you sure Ned it isn't because you guys had been trying to sway elections by censoring and other means? People are going to other social media?
Posted by: JohnQC   2021-05-01 09:11  

#2  Gotcha Bobby
Posted by: Frank G   2021-05-01 08:53  

#1  Mods - please change the title to "Twitter Stock Bombs" to agree with the graphic.
Posted by: Bobby   2021-05-01 08:39  

00:00