Twitter’s Third Quarter Earnings – Stock Price Plunges by 20 Percent Amid a Broad Miss of Expectations
https://wccftech.com/twitters-third-quarter-earnings-stock-price-plunges-by-20-percent-amid-a-broad-miss-of-expectations/
Twitter (NYSE:TWTR), the company that provides microblogging and social networking service, posted weak results for the third quarter of 2019. The company missed expectations on almost every key metric, as advertising growth decelerated sharply over last year and site activity slowed.
“Despite its challenges, this quarter validates our strategy of investing to drive long-term growth. More work remains to deliver improved revenue products. We’ll continue to prioritize our ad products along with health and our investments to drive ongoing growth in mDAU,” said Ned Segal, Twitter’s CFO.