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

JD.com will be the first platform to accept China’s cryptocurrency

Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Next
Twitter shares up by 7%
News

The price of oil broke a three-year record

On the London Stock Exchange ICE oil prices during the evening trading session on July 5 rose by more than 1.3%. In particular, the price of Brent oil rose above $ 77 per barrel for the first time since October 30, 2018. The price of September futures for Brent North Sea crude oil as of […]

Next
Twitter shares up by 7%
News

The media has learned that American billionaires pay meager taxes

In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]

Next
Twitter shares up by 7%
News

Facebook sees the potential for earning money on online sports events

Facebook’s creative team continues its efforts to increasingly monetize its huge audience of more than 2.85 billion active users per month and 1.8 billion active users per day. Facebook’s current plans are to improve the monetization of its Facebook Live product for online broadcasts of events by connecting more paid sports content. Facebook says it […]

Next
Twitter shares up by 7%
Analytics

Formation of corporate governance in Ukraine

According to the State Statistics Service on January 1, 2017 it is registered in Ukraine 15 206 join – stock companies, among them there are 3 122 public companies. Despite the 25-year anniversary of the Ukrainian state, the national business has only recently started to rethink management system and effective implementation of global corporate governance […]

Next
Twitter shares up by 7%
News

Court admits illegality of Delta Bank assets transfer

On November 9, 2016, the Economic court of Kiev made the decision about Bank Delta illegal assets transfers . It bears remaining, in March the National Bank of Ukraine has published information that Delta Bank is the bankrupt. The agreement of an Oschadbank mortgage signed on more than 400 million hryvnias 6 years ago. In […]

Next
Twitter shares up by 7%
News

Ukraine plans to sell the Odessa Port Factory with the discount

The State Property Fund (SPF) of Ukraine expects to announce the second tender for sale of “Odessa Port Plant” in late summer – early autumn. This was stated by Igor Bilous, head of the State Property Fund at a press conference in Kyiv on Tuesday. “We expect to start the second round at the end of […]

Next
Twitter shares up by 7%
News

Exceeding the limit of cash deal will be fined

The Ukrainians, who make financial transactions at a rate of more than 50 thousand UAH in cash, will be fined a minimum of 1700 UAH. Such a fact noted a practicing lawyer and human rights activist Arsen Marinushkin in his commentary for Gazeta.ua edition. In accordance with Article 163-15 of Ukrainian Codex of administrative delinquency […]

Next
Twitter shares up by 7%
News

Walt Disney has invested $ 400 mln. to the creation of new cable channel

The Walt Disney Company has decided to invest in the creation of successful new cable channel called Viceland, which involve “fresh” audience and raise ratings. A few weeks after the initial investment, Disney has doubled the amount of investment in a digital media company Vice Media; as a result of the total transaction amount is […]

Next
Twitter shares up by 7%
News

WOG will cooperate with Ukrzaliznytsia

On Thursday, January 19 it was a press conference with the top management of the company WOG. As we have noted in the previous news, its top management discussed topical issues on the development and expansion of its business in the current year. One of the points of the plan for the improvement of the […]

Next
Twitter shares up by 7%
News

Swiss Luxoft will own the Ukrainian IT-company IntroPro

International company Luxoft (the headquarters – Zug), which develops software and is engaged in the export of IT – services, announced its intentions to buy leading IT – company from Ukraine – IntroPro LLC. It is reported by Ukrainian source Inventure. With regard to the financial terms of the deal – its nuances were not […]

Next
Twitter shares up by 7%
News

The Cabinet of Ministers has resolved the issue of Naftogaz’s supervisory board

At a Cabinet meeting on Wednesday, May 19, the contract with five members of Naftogaz’s supervisory board was extended. Prime Minister Denis Shmygal announced this in the Telegram. He clarified that the agreements were extended for up to a year. “We are also grateful to Clare Spottiswood, Chairman of the Supervisory Board of Naftogaz, who […]

Next
Twitter shares up by 7%
News

The Japanese are buying one of the largest IT employers in Ukraine

Japanese company Hitachi has announced the purchase of American developer GlobalLogic for $ 9.6 billion, according to Reuters. The American company has several offices in Ukraine and is one of the three largest IT employers in the country. GlobalLogic owns 45% in equal shares of Canada Pension Plan Investment Board and Swiss investment company Partners […]

Next
Twitter shares up by 7%
News

Netflix’s future growth will come from India and other major Asian markets

Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%. The company’s management and analysts cited the […]

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%
Analytics

2015 was the record year in terms of transactions in mergers and acquisitions

Every day there is a new information about the latest merger / acquisition among large enterprises. As a result of these major agreements, the price of which often amounts to billions of dollars, new company giants appeared in the world market. Moreover, agreements on mergers / acquisitions are active in all areas of business – […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com