Twitter shares closed Tuesday at $43.78, down almost 10 percent, even though the company’s Q3 earnings report, released Monday, showed monthly active users grew 23 percent. Granted, that was down a tick from the previous quarter’s 24 percent growth — but recall the World Cup was being held at that time, driving user growth explosively. Germany’s win saw Twitter use peak at nearly 619,000 tweets a minute, a new record.
That means Twitter showed solid user growth this past quarter.
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Investors Quiver Over Twitter's Shaky Prospects
Posted by: Richard Adhikari October 29, 2014 05:00 AMTwitter shares closed Tuesday at $43.78, down almost 10 percent, even though the company’s Q3 earnings report, released Monday, showed monthly active users grew 23 percent. Granted, that was down a tick from the previous quarter’s 24 percent growth — but recall the World Cup was being held at that time, driving user growth explosively. Germany’s win saw Twitter use peak at nearly 619,000 tweets a minute, a new record.
That means Twitter showed solid user growth this past quarter.