Wednesday, 29 April 2015
Bad Day for Tweeting.
Twitter shares closed yesterday down -18% and they're down today.
Getting a hammering. Their previous worst day trading was a drop of 24%.
It comes on foot of leaked disappointing Quarterly results.
The leak was a series of tweets by another company clarifying numbers by mistake from the investor relations website. It has rocked the market.
Revenue of 470-485 million is well below the expected 538 million and possibly some margins are down. Average monthly users are 302 million and advertising revenue has jumped +72% year-on-year.
But this isn't a good day for the company or for Dick Costolo. You can get him on Twitter....