|Bid||35.62 x 100000|
|Ask||35.73 x 100000|
|Day's range||30.30 - 35.99|
|52-week range||22.33 - 41.08|
|Beta (3Y monthly)||-0.91|
|PE ratio (TTM)||22.88|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Social networking and media platform Twitter today reported its results forthe first quarter of the year, and it's a strong one
Twitter Inc posted better-than-expected quarterly revenue and a surprise increase in monthly users on Tuesday, sending shares up 13 percent to a nine-month high as its campaign to clean up fake and abusive accounts continued to attract advertisers. The microblogging site's results caught the attention of U.S. President Donald Trump, a prolific tweeter with nearly 60 million followers, who called for the creation of "more, and fairer" social media companies, repeating his claim that Twitter is biased against Republicans, without presenting evidence. Twitter's monthly active users (MAU) rose 9 million to 330 million in the first quarter from the previous quarter, much better than Wall Street's average estimate that it would lose 2.2 million users, according to IBES data from Refinitiv.
SAN FRANCISCO (AP) — Twitter Inc. on Tuesday trumpeted strong quarterly growth in earnings and users while President Donald Trump tweeted criticism of the social media site for allegedly discriminating against him politically.
Shares of Twitter rose early Tuesday as the company reported first-quarter financial results and an outlook that cheered investors.
Twitter shares have jumped sharply after the social media platform reported stronger user growth and progress in its efforts to curb malicious posts. The company, which has been spending big on improving the user experience, beat market expectations with an 18% jump in revenue to $787m in the first three months of the year compared with the same period in 2018. Twitter, which only publicly started revealing the figures at the end of last year, said its 'monetisable' daily active users - which measures users exposed to advertising on a daily basis.- rose to 134 million in the three months.
Twitter shifted focus to daily users for the first time in the December quarter, arguing that it’s a more meaningful metric than monthly visitors because the company aims to drive people to the service every day. Chief Executive Officer Jack Dorsey has been escalating efforts to rid the site of toxic content amid heightened concerns that social media companies have failed to curb the exploitation of personal data, election meddling and hateful posts. Having long been criticized for relying on users to report abuse, the company recently said some 38 percent of abusive content is now being found through technology and flagged for human review, up from none last year.
U.S. President Donald Trump on Tuesday called for the creation of "more, and fairer" social media companies in response to discrimination he said he has faced as a Republican from Twitter Inc. "No wonder Congress wants to get involved - and they should," he wrote on Twitter. Trump has one of the most-followed accounts on Twitter, with nearly 60 million followers, but he has repeatedly criticized the company and its social media competitors for what he has called bias against conservatives.
JPMorgan Chase analyst Doug Anmuth did a deep dive on five internet companies set to report earnings this week, and concluded that Amazon, Facebook and Twitter are his favorites.
Guggenheim analyst Michael Morris rates Twitter at Buy while Wedbush analyst Michael Pachter rates the company at Neutral. Both, however, expect it to meet or beat first-quarter estimates.
The social media company has jumped more than 100% this year. Wedbush analyst Michael Pachter downgraded Snap to Neutral from Outperform while maintaining a $12.25 price target.
Quotes from articles are much more eye-catching than links on Twitter, so thesocial giant is scooping up the team behind highlight-sharing app Highly
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. In a standoff that has been brewing since 2017, Apple argued that Qualcomm was charging too much for patent licensing. After Apple shifted to using Intel chips, Qualcomm moved to get iPhone imports banned in countries around the world for patent infringement.
Twitter Inc said on Tuesday it had suspended 100,000 accounts for creating new accounts after a suspension during January-March period, a 45 percent increase from last year. "Previously, we only reviewed ...
Twitter CEO Jack Dorsey took the stage today at the TED conference. For most of the interview, Dorsey outlined steps that Twitter has taken to combat abuse and misinformation, but Anderson explained why the company's critics sometimes find those steps so insufficient and unsatisfying. "It's democracy at stake, it's our culture at stake," Anderson said, echoing points made yesterday in a talk by journalist Carole Cadwalladr.