Twitter sinks after saying its monthly user base continued to decline (TWTR)


1158
9.9k shares, 1158 points

Help support world source media dot com, now, by becoming a patreon on our website.
At world source media dot com, we have early report premiers, that premier way sooner than on our youtube channel and even reports that do not make it to our youtube channel…..

Twitter beat on both the top and bottom lines.
The social-media company reported a drop in fourth-quarter monthly active users, marking three consecutive quarters of user decline.
Shares fell more than 9%.
Its social-media peer Snap, which also suffered a declining number of daily users in the second and third quarter, said on Tuesday that its daily user base has stabilized in the fourth quarter.

Twitter was down more than 9% to $31.08 a share early Thursday after saying its monthly user base has continued to decline.

The social-media company said it has 321 million monthly active users in the fourth quarter, in line with Wall Street forecast, but down 9 million on a yearly basis. It has posted three consecutive quarters of drops in monthly active users.

As for the rest of the report, the company said it earned an adjusted $0.31 per share on $909 million revenue, topping the $0.25 and $869.5 million expected by analysts, according to Bloomberg data. Twitter sees its first-quarter revenue in the range of $715 million to $775 million, while Wall Street was looking for $762.43 million.

In August 2018, Twitter reported an unexpected drop in second-quarter monthly active users. That trend continued in its third quarter, when the company said its number of monthly active users fell by 1% from a year earlier.

Social-media peer Snap, which also suffered through its own decline in the number of daily active users in the second and third quarter reported on Tuesday. However, it announced it stopped bleeding users in the fourth quarter.

Twitter was up 18% this year through Wednesday.

Liked it? Take a second to support admin on Patreon!

Like it? Share with your friends!

1158
9.9k shares, 1158 points

What's Your Reaction?

oh no oh no
770
oh no
hate hate
3851
hate
confused confused
770
confused
fail fail
6162
fail
fun fun
5392
fun
geeky geeky
4622
geeky
love love
2311
love
lol lol
3081
lol
win win
6162
win
admin

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend