Twitter shares sank Thursday after the social media company reported quarterly revenue that missed Wall Street’s expectations and issued guidance that fell far short of estimates.
Twitter posted fourth-quarter earnings of 16 cents per share on revenue of $717 million.
Analysts expected earnings of 12 cents per share on much higher revenue of $740.1 million, according to a consensus estimate from Thomson Reuters. In the previous year, the company posted 12 cents on revenue of $479 million.
Bloomberg story on the subject includes a visual that says it all
— Bloomberg Markets (@markets) February 9, 2017
and a line I found interesting:
“Sales growth recovery for Twitter will be very challenging in 2017,” said Bloomberg Intelligence analyst Jitendra Waral. “Google and Facebook results show robust ad environment in the fourth quarter.” The lackluster sales growth at Twitter “is showing their strategies are not working.”
Now Google & Facebook don’t have a good history with conservatives but at least they’re not stupid enough to ban them.
If twitter keeps treating conservatives this way pretty soon I’ll reach the point where all my tweets on twitter originate from Gab or from blog post with the occasional reply to a tweet I see. Of course at this rate there mignot not be any twitter for me to ignore.
Perhaps other companies should take a lesson, it’s true liberals are a big niche market but do you want your company to be a liberal niche?
Closing FYI Incidentally, both mine and my youngest son’s favorite cereal is Kellogg’s product 19 & my wife loves Kellogg’s pop tarts.
Neither have been bought since Kellogg’s dissed conservatives values, nor will they until I see an apology.
In purely unrelated news:
Kellogg’s is shutting down 39 distribution centers across the country, the embattled cereal giant announced this week.
Good thing conservatives were never cereal eaters or they might have had something to worry about.
Update: I’m sure this is a coincidence too:
Gab was founded by Torba following Twitter’s suspensions of conservative and libertarian accounts and has attracted nearly 150,000 disenfranchised users, including Breitbart Senior Editor MILO.
Since the platform’s conception, Torba has been banned from a Silicon Valley startup group, suspended from Facebook, and had his Gab features copied by Twitter. Apple’s App Store have also banned the app twice . .
After a plethora of press outlets reached out to Twitter about our ban, this account was mysteriously restored. Really makes you think.
— Gab.ai (@getongab) February 9, 2017