Twitter shares take a tumble
Twitter took a dive on Wall Street Today. The company’s shares were down 14 percent plus after what can only be called an abysmal earnings report after the close yesterday. The social media company cited slow revenue growth, lousy predictions for future revenue growth, and stagnant user numbers in its earnings report. However, social media giant Facebook reported a wave of fresh revenue today in its earnings report. Facebook now has 1.7 billion users — that’s a quarter of the people on the entire planet. Second quarter revenue — that is the quarter they announced today — came out to $6.4 billion dollars.
Marketplace’s Senior Tech Correspondent Molly Wood checked in to discuss these developments in the tech world — click the audio player above to listen to the conversation.
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