The Latest in IT Security

Twitter’s slowing growth prompts target price cuts

30
Apr
2014

(Reuters) – Twitter Incs slowing user growth revived concerns among investors about the microblogging services prospects of one day matching Facebook Incs 1.2 billion users. Twitters shares, which have shed about a third of their value since the beginning of the year, were set to open down 12 percent at $37.63 on Wednesday. At least 11 analysts trimmed their target price on the stock after Twitter reported lackluster user and usage growth for the second consecutive quarter. Twitter, in the midst of a transition to boost engagement and attract more users, said its 255 million monthly users appeared to be checking the service less frequently than a year ago.

Comments are closed.

Categories

MONDAY, OCTOBER 21, 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