Twitter shares up by 7%

News

Twitter shares up by 7%

10.07.2020 News

Twitter shares that have risen by 10.5% since the beginning of the year rose by 7.34% on Wednesday in the announcement of plans to launch the Gryphon subscription platform.

Twitter posted an ad for a “senior division engineer” on its website in the vacancies section.

Twitter did not comment anything, but investors were happy to hear the news expecting the subscription service to help increase revenue and reduce reliance on advertising accounting for more than 84% of the company’s total revenue.

Twitter’s management has probably been considering the idea of creating a subscription service for advanced users for many years. In 2017, the company sent out a survey to find out the number of users interested in a more advanced, paid version of the TweetDeck toolbar.

TweetDeck was originally created as an independent application. Later it was purchased and integrated into the main Twitter platform and became available on various devices.

TweetDeck tools let you manage multiple Twitter accounts, schedule tweets for future posting, create tweet collections, and more.

Such a tool if supported by content from various news agencies can help marketers, journalists or other professional users learn more quickly about the events in their field and globally, as well as gain more understanding and see the widest range of things people say in Twitter.

If Twitter enters into partnership agreements with news publications and magazines, the company will strengthen its competition with Facebook and compete with the Apple News + service.

The creation of a subscription service should benefit Twitter trying hard to increase its revenue both because of issues with the release of the advertising product and because of the impact of the COVID-19 pandemic on the advertiser costs.

In the first quarter, daily active Twitter users grew 24% per year to 166 million. However, the total revenue has increased by only 3% to $ 808 million, which is the smallest increase in two years. Advertising revenue grew less than 1% to $ 682 million from the same quarter last year.

Last week’s rise in Twitter shares and Snap ones was based on the fall of Facebook’s competitor which faced an advertiser boycott due to the company’s policies against disrespectful speeches and racial discrimination.

Other articles

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • General Motors reports profit growth of 74%
    News

    General Motors reports profit growth of 74%

    Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]

  • The net loss of the world’s largest cinema network increased 16.5 times in the third quarter
    News

    The net loss of the world’s largest cinema network increased 16.5 times in the third quarter

    AMC Entertainment Holdings, which owns the world’s largest network of cinemas, presented its financial report for the third quarter of 2020. His company ended with a net loss of $ 906.5 million – 16.5 times worse than last year. In the third quarter, the company’s cinemas began to reopen after a five-month of lockdown due […]

  • Amazon reported a 37% increase in revenue
    News

    Amazon reported a 37% increase in revenue

    Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]

  • The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube
    News

    The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube

    Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]

  • Twitter shares fell more than 17%
    News

    Twitter shares fell more than 17%

    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 […]

  • Chevron made a net loss of $ 4.9 billion in nine months
    News

    Chevron made a net loss of $ 4.9 billion in nine months

    The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]

  • Apple, Alphabet, Facebook and Amazon report earnings this week
    News

    Apple, Alphabet, Facebook and Amazon report earnings this week

    In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

Read also

Twitter shares up by 7%
News

The Cabinet has announced a list of those who can get help through the lockdown

The Cabinet of Ministers has approved a list of economic activities for which entrepreneurs and employees in the “red” quarantine zones can apply for state aid. This is stated in the resolution №329. The list of types of activities for which sole proprietors and employees can receive eight thousand hryvnias:  Retail trade of motor vehicle […]

Next
snymok5
Analytics

Unknown Switzerland

Switzerland is an amazing country, and not only in the sense of the unsurpassed beauty of the landscape, but also in the incredible economic performance having ultralow natural resources. Switzerland is a country with almost complete lack of mineral deposits. Most of the territory consists of mountain ranges of the Alps. There is everything you […]

Next
Twitter shares up by 7%
News

Nikola Shares fell to 25% after BP refused to agreement of the hydrogen stations

Shares of Nikola fell to 36.45% over the last week. Energy giant BP’s announcement on Wednesday that it is abandoning a potential partnership with Nikola, which exacerbated a number of problems faced by the startup in the recent days. Nikola planned to organize the production of its cars in partnership with other large manufacturers and […]

Next
Twitter shares up by 7%
News

Founder of the EBay, Pierre Omidyar, has left the company’s board of directors

Founder of the platform for online auctions of the eBay Pierre Omidyar will leave the company’s board of directors and receive the title of Director Emeritus, according to release in the eBay. “For 25 years I have proudly watched as the company that I created, opened up the economic opportunities for people around the world. […]

Next
Twitter shares up by 7%
News

China has launched the world’s first 6G satellite into orbit

According to the BBC, China has launched the world’s first 6G test satellite into space. It should demonstrate how well the experimental technology of the sixth generation network works. The satellite successfully entered orbit along with 12 other spacecraft after launching a rocket from the Taiyuan Cosmodrome in Shanxi Province. It is known that the […]

Next
Twitter shares up by 7%
News

SpaceX will launch a new batch of Starlink satellites

SpaceX will launch a heavy Falcon 9 launch vehicle into orbit with another batch of 60 Starlink mini-satellites. Spaceflight Now reports on Sunday, March 7. The satellites will launch from the 40th launch complex of the Kennedy Space Center (Florida) on March 9 at 21:55 EST. The launch will be the 21st launch of a […]

Next
china education by grants 2.jpg.pagespeed.ce .ou2aal0hyn 810x456 1
Analytics

China: the country of prospects and challenges

The territory of the People’s Republic of China occupies the third place by area (after Russia and Canada, then the USA follows the PRC). However, it is in the first place in terms of population of more than 1.404 billion, leaving behind India (more than 1.377 billion) and the USA (more than 331 million). There […]

Next
Twitter shares up by 7%
News

The rating of the most expensive brands of Ukraine appeared

Despite the coronavirus pandemic, the total value of the most expensive brands in Ukraine increased by 1.5%. The Korrespondent magazine compiled the brand rating. Thus, the top five most expensive brands in Ukraine included Kyivstar ($ 225.48 million), Rozetka ($ 210.42 million), Darnitsa ($ 187.23 million), Morshynska ($ 173.25 million) and Nova Poshta ($ 170.01 […]

Next
Twitter shares up by 7%
News

Apple has patented the iPhone case which hardens during the fall

Respectively to technical documents published on the website of the US Patent and Trademark Office, Apple engineers suggest using electromechanical materials for protecting electronic devices. The “smart” case will read electric and magnetic fields and change the properties at operation of certain triggers. The case itself will consist of the main body, processor, magnetic circuit […]

Next
Twitter shares up by 7%
News

As US retailers are boycotting the “Black Friday” in 2015?

At 27th of November, 2015 the famous American company REI, which sells products for sports, tourism and travel, reported that on Friday – 30th of November, all 143 stores will be closed. The company decided to arrange for their employees a paid for the output. This decision is a kind of protest against rampant consumerism. […]

Next
Twitter shares up by 7%
News

The NBU announced “Fidobank” as a bankrupt

The Deposit Guarantee Fund of individuals introduced a temporary administration in “Fidobank”. It is reported by the press service of the Fund. The decision was made on the base of the decision of the National Bank of Ukraine (NBU) on  May 20 to classify “Fidobank” to the category of the insolvent. Earlier, “Fidobank” reported about […]

Next
Twitter shares up by 7%
News

Pfizer reported earnings below estimates and lowered its annual forecasts

Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30. Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly […]

Next
Twitter shares up by 7%
News

Financial conglomerate JP Morgan Chase will pay $ 307 million fine to regulators

JP Morgan Chase will pay $ 307 million as a fine to regulatory authorities. The reason of such decision of the regulators  is that the bank did not disclose the information about conflicts of interests  to investors in the implementation  of its own advertising investment products to clients. Based on the date of the Securities […]

Next
Twitter shares up by 7%
News

Zuckerberg will make the Facebook feed less politicized

Facebook founder and CEO Mark Zuckerberg is considering how to reduce the amount of political content in the social media news feed. “People don’t want politics and the struggle to dominate while using the social network,” Zuckerberg said. According to him, the company will forever stop the recommendations of groups dealing with political issues. Earlier, […]

Next
Twitter shares up by 7%
News

China imposes standards of data security and criticizes the US policy

On Tuesday, Chinese Foreign Minister Wang Yi presented the government’s initiative to implement global data security standards, “golden rules” which should be applied by Chinese and other companies around the world. Among a number of points, the key ones are: preventing the illegal receipt of confidential personal information, ensuring the storage user`s data on the […]

Next