Twitter shares fell more than 17%

News

Twitter shares fell more than 17%

03.11.2020 News

According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors.

Thus, shares of Twitter after the close of the main trading session on the NASDAQ fell by 17.53%, Amazon – by 1.87%, Apple – by 4.22%, Facebook – by 2.65%. At the same time, Alphabet shares rose by 6.5%.

Traders in the Twitter report were disappointed that the number of active users of the network in the third quarter increased by one million or 0.5% quarterly – to 187 million people per month, although analysts expected growth to 195 million people.

Apple reported revenue growth for the fourth quarter of 2019-2020 (the quarter ended September 26) by 1% year on year, to $ 64.7 billion. The indicator exceeded forecasts, but traders could be disappointed by the slowdown in growth compared to the previous quarter, when revenue grew by 11% year on year.

Shares of Amazon and Facebook also fell, despite the fact that their financial performance exceeded analysts’ forecasts.

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