It is sure funny to see the reactions of the Twitter earnings call. It BEAT! Up 10%!
Twitter was down only 13% before Costolo began speaking. Now it's down 17%. http://t.co/ukfV9LGEMJ
— Insider Tech Business (@insidertechbiz) February 5, 2014
Twitter crushes earnings expectations. Stock is surging. http://t.co/geZIUWrDhy
— Insider Tech Business (@insidertechbiz) February 5, 2014
just three months after its flotation on the New York Stock Exchange, Twitter is all over the place
The loss was expected by analysts, who highlighted Twitter’s revenues, which rose 110% last year to reach $665m.
But a reported slow growth in user numbers was a bigger concern for investors.
Twitter averaged 241 million monthly users in the last quarter of the year, up just 3.8% on the previous quarter.
That represents a slowdown compared with a growth rate of 10% seen at the beginning of 2013.
The biggest factor however is probably this:
Sorry, Internet! George Clooney Says He'll Never Join Twitter http://t.co/cKNHVehrTZ
— Variety (@Variety) February 4, 2014
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