Date: 2 months ago   Category: Internet

Twitter fell in price almost by $3 billion after the publication of the reporting — Rambler News Service


Photo: globallookpress.com/Jaap Arriens Capitalization of Twitter dropped by $2.77 billion at opening of the trading of the Nasdaq exchange, exchange data demonstrate. As of 17:40 Moscow time stock price of Twitter fell for 10.64% — up to $30.52. Capitalization made $23.23 billion against $26 billion following the results of the previous trading session. Earlier the social network reported on the first in the history annual profit. The indicator in 2018 was $1.2 billion against a loss of $108.06 million the previous year. At the same time the average of active users of Twitter in the IV quarter decreased by 9 million people in annual terms — up to 321 million. At the same time the average of active users of Twitter in the IV quarter decreased by 9 million people in annual terms — up to 321 million Besides, the company expects revenue in the I quarter 2019 in the range from $715 million up to $775 million that below the forecast of analysts ($765 million).

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