On Monday, Twitter reported its user engagement had dropped by 7% in the third quarter despite its user base having grown by 23% in the same quarter. This news caused Twitter’s stock to drop by more than 9%. The news keeps getting worse for Twitter, as the company also estimated its fourth-quarter revenue may not meet Wall Street’s targets. Wall Street had high expectations after Twitter surprised them in the second quarter by growing its user base by 24% worldwide. Twitter had some momentum after its shares gained almost 19% since July. Investors have raised concern over Twitter’s defining usage […]
The post Twitter Stock Plunges Following Reports Of Declining User Engagement by @mattsouthern appeared first on Search Engine Journal.
Source:: Search Engine Journal