Twitter’s stock took a hit when investors got an early look at first quarter earnings, leaked just ahead of closing time on Tuesday, ahead of the company’s Wednesday announcement. Shares plummeted about 18 percent from Tuesday’s opening price of $51.84. The slide continued on Wednesday, with the loss of a couple more percentage points, and the share price hovered near that level through Thursday, closing at $38.96. Wall Street’s disillusionment was due to Twitter’s continued struggle to attract new users and generate more ad revenue.
Loading ...
Twitter Takes It on the Chin
Posted by: Quinten Plummer April 30, 2015 01:18 PMTwitter’s stock took a hit when investors got an early look at first quarter earnings, leaked just ahead of closing time on Tuesday, ahead of the company’s Wednesday announcement. Shares plummeted about 18 percent from Tuesday’s opening price of $51.84. The slide continued on Wednesday, with the loss of a couple more percentage points, and the share price hovered near that level through Thursday, closing at $38.96. Wall Street’s disillusionment was due to Twitter’s continued struggle to attract new users and generate more ad revenue.