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Twitter stock plunges on user miss and low guidance
CNBC ^ | 4/29/2021 | Salvador Rodriguez

Posted on 04/29/2021 4:46:34 PM PDT by SaxxonWoods

Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected. [snip] Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million. The user base was up 20% compared with a year ago. The quarter marked Twitter’s first period mostly without the presence of former President Donald Trump after he was removed from the service following the Jan. 6 insurrection at the U.S. Capitol.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: stock; stockprices; twitter
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Bearded weirdo gets woke, going broke, we can hope.
1 posted on 04/29/2021 4:46:34 PM PDT by SaxxonWoods
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To: SaxxonWoods

Awwwwwwwwwwwwwwwwwwwwwww!

2 posted on 04/29/2021 4:48:33 PM PDT by BlessedBeGod (~~To restore all things in Christ~~Appeasing evil is cowardice~~)
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To: SaxxonWoods

What’s Twitter?


3 posted on 04/29/2021 4:50:26 PM PDT by UNGN
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To: SaxxonWoods

What’s Twitter?


4 posted on 04/29/2021 4:50:26 PM PDT by UNGN
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To: SaxxonWoods

The Curse of President Trump strikes again! Can’t wait to see how it strikes Sleepy Joe once reality settles in for him and Kameltoe.


5 posted on 04/29/2021 4:52:09 PM PDT by No_Mas_Obama
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To: SaxxonWoods

I REALLY hope they go out of business.


6 posted on 04/29/2021 4:52:59 PM PDT by spacejunkie2001
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To: UNGN

Twitter is one of Trumps’s biggest mistakes.

He helped make it famous, then they cut him off without warning. I remember touring the WH with my grandson in 2017 reading tweets from Trump basically in real time.

20-20 hindsight but he should have established social media that was bulletproof from the deep state.


7 posted on 04/29/2021 4:53:53 PM PDT by nascarnation
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To: SaxxonWoods

Broker sees short open long close. Sell high buy low.


8 posted on 04/29/2021 5:01:56 PM PDT by Broker (Truth & Transparency & Equal Justice)
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To: SaxxonWoods

Twitter user base is half that when accounting for “bots”😂😂😂😂😂😂😂


9 posted on 04/29/2021 5:03:38 PM PDT by TonyChris (Didn't vote for Amazon in last election)
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I deleted over 3000 tweets and logged out for good. Total BS to ban conservatives. Don’t miss it.


10 posted on 04/29/2021 5:07:47 PM PDT by bhl
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To: bhl
I ditched Twitter in January, never to return.

Once Trump starts his own platform, millions will migrate over to that.

11 posted on 04/29/2021 5:09:30 PM PDT by SamAdams76 (By stealing Trump's second term, the Left gets Trump for 8 more years instead of just four.)
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To: SaxxonWoods

They banned me but don’t give me a way to delete my account, so the actual active user base is waay below 199 million.


12 posted on 04/29/2021 5:14:36 PM PDT by dirtboy
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To: SaxxonWoods

Get woke, go broke.


13 posted on 04/29/2021 5:15:17 PM PDT by E. Pluribus Unum (Anti-racism looks suspiciously like racism.)
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To: SaxxonWoods

““Metcalfe’s Law” says that a network’s value is proportional to the square of the number of nodes in the network. The end nodes can be computers, servers and simply users. For example, if a network has 10 nodes, its inherent value is 100 (10×10=100). Add one more node, and the value is 121. Add another and the value jumps to 144. Non-linear, exponential,
growth.”

https://www.thegeniusworks.com/2020/02/metcalfes-law-explains-how-the-value-of-networks-grow-exponentially-there-are-5-types-of-network-effects/

In other words, a 20% decline in users would decrease the value of Twitter by nearly 40%. It’s like a huge force-multiplier for boycotts.


14 posted on 04/29/2021 5:24:14 PM PDT by USFRIENDINVICTORIA
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To: SaxxonWoods

Die Twitter, die!


15 posted on 04/29/2021 5:25:38 PM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: SaxxonWoods

Growth is unsustainable when you turn away 50% or more of your customer base for their political persuasion.


16 posted on 04/29/2021 5:45:40 PM PDT by Vlad The Inhaler (Terror is a political weapon, and its purpose is to force capitulation. — Adolf Hitler,)
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To: SaxxonWoods

I read this on Gab.


17 posted on 04/29/2021 6:08:17 PM PDT by 2banana (Common ground with islamic terrorists-they want to die for allah and we want to arrange the meeting)
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To: SaxxonWoods
I hope they have to file for bankruptcy.


18 posted on 04/29/2021 6:11:49 PM PDT by Tolerance Sucks Rocks (GOP-free since 10/9/20)
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To: dirtboy

Same with me.


19 posted on 04/29/2021 6:12:29 PM PDT by Tolerance Sucks Rocks (GOP-free since 10/9/20)
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To: SaxxonWoods

So how many of those 7,000,000 new users are bots ?


20 posted on 04/29/2021 6:28:56 PM PDT by Pikachu_Dad ("the media are selling you a line of soap)
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