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Twitter Stock Drops After Weak Quarter, Missing Target on User Growth

Twitter CEO Jack Dorsey testifies remotely during a hearing to discuss reforming Section 230 of the Communications Decency Act with big tech companies on October 28, 2020 in Washington, DC. - US senators and tech CEOs girded for a clash Wednesday over a law making online services immune from liability for third-party content at a hearing set to debate Silicon Valley's handling of social media. (Photo by MICHAEL REYNOLDS / POOL / AFP) (Photo by MICHAEL REYNOLDS/POOL/AFP via Getty Images)

BY JACK PHILLIPS

The Epoch Times

Twitter’s stock dropped about 13 percent on Friday to $56.74 per share after the firm issued weak second-quarter guidance on revenue growth while its user numbers fell short of expectations.

The San Francisco-based tech giant said its average monetizable daily active users increased 20 percent year-over-year to 199 million. Some analysts had expected the number to exceed 200 million.

Click the link below to read the rest of this story (premium content).

https://www.theepochtimes.com/twitter-stock-drops-after-weak-quarter-missing-target-on-user-growth_3797473.html

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