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Placeline/People
City
Vaughan
Country
Canada
Declining active users cause Twitter's shares to plummet
Twitter's stock dropped 14 per cent on Friday due to a decline in monthly active users The social media site recorded 335 million users for 2018's second quarter against expectations of
338.5 million Twitter recently purged tens of millions of fake accounts, but those changes occurred after the close of the second quarter Full year projections for Twitter also declined compared to last
quarter's estimates with stock-based compensation expenses ranging from US$300 million to US$350 million This is opposed to US$350 million to US$450 million
projected last quarter News wasn't all bad as Twitter reported revenue in the second quarter of US$711 million against a prediction of US$696.2 million
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Information
Source name:
The Canadian Press
Unique identifier:
CP11766358
Legacy Identifier:
ed8d1d05c01f4a758f659061c6187cac
Type:
Video
Duration:
58s
Dimensions:
1920px × 1080px 11.63 MB
Create Date:
7/27/2018 6:57:00 PM
Display aspect ratio:
16:9