Twitter plunges a day after facebook rout 20180727 p5wj22.html – Breaking News & Latest Updates 2026
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This was published 8 years ago

Twitter plunges a day after Facebook rout

AP

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Twitter has plunged before the opening bell in the US on weak user numbers, a day after a historic rout of fellow social media giant Facebook.

Shares of Twitter Inc were down 16 per cent early on Friday.

Twitter had 335 million monthly users in the quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first quarter.

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That overshadowed an otherwise strong quarterly performance on Friday.

Second-quarter net income hit $US100.1 million ($A135.6 million) after a loss last year.

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