Twitter’s share price plunged 12.3 percent Thursday, closing the day at $16.41, after the company released its Q4 2016 financial report. It fell further on Friday, trading at $15.54 mid-day. On the bright side, daily active usage grew for the third consecutive quarter and strong growth is expected to continue, the company said. Active monthly users in Q4 totaled 319 million, up 4 percent year over year, and 2 million more than in Q3. Both tweet impressions and time spent on Twitter increased by double digits YoY in Q4.
Loading ...
Twitter Investors Bail Following Bleak Q4
Posted by: Richard Adhikari February 10, 2017 10:42 AMTwitter’s share price plunged 12.3 percent Thursday, closing the day at $16.41, after the company released its Q4 2016 financial report. It fell further on Friday, trading at $15.54 mid-day. On the bright side, daily active usage grew for the third consecutive quarter and strong growth is expected to continue, the company said. Active monthly users in Q4 totaled 319 million, up 4 percent year over year, and 2 million more than in Q3. Both tweet impressions and time spent on Twitter increased by double digits YoY in Q4.