The Latest in IT Security

Twitter’s market value set to soar after strong results

30
Jul
2014

(Reuters) – Shares of Twitter Inc were set to soar on Wednesday as surprisingly strong user growth eased investor concerns that the popularity of the micro-messaging site was waning. Twitters user growth stagnated after it went public to much fanfare in November, leading to a management shake-up that included the exit of Chief Operating Officer Ali Rowghani. At that price, Twitter is valued at about $29 billion, or about $6 billion more than at Tuesdays close. Twitters monthly active users rose 24 percent to 271 million in the quarter ended June 30, more than expected, as it introduced product tweaks and services built around the soccer World Cup.

Comments are closed.

Categories

MONDAY, SEPTEMBER 23, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks