Twitter Inc. posted its worst day since 2014, after the company’s third-quarter results showed fewer new users than analysts forecast.
The company’s social media shares fell 21 percent after saying that in Q3 they added only a million users a day, which is 8 million below forecasts, despite live sports and the presidential election, which was expected to attract more users to the platform.
The decline on Friday erased the market value of $ 8.8 billion, but the stock is still 88% up from the bottom in March.
The stock options suggest lowering the price by the end of 2020.
Institutional players are mostly neutral for the company.
The company’s reports show a solid base for generating cash flows and long-term revenue growth.
Source: Bloomberg Pro Terminal
Graphics: Used with permission from Bloomberg Finance L.P.
Junior Trader Kameliya Ivanova