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Twitter Flops Again
An article by • Published May 3, 2021
Twitter ($TWTR)
reported earnings
yesterday after the close, and the results disappointed.
Analysts had expected total users of 200 million, while the company
reported 199 million
Further, while the
current quarter revenue
was inline with
, the midpoint of the forecast fell short of
analyst estimates
Investors piled into Twitter's stock during the last quarter on hopes that the company had finally "righted the ship" and was poised for a prolonged period of sustained user & profit growth, as its other advertising tech peers have demonstrated ($FB, $SNAP, $PINS, $GOOG, etc).
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