The latest Twitter news came in from Turkey where the Turkish Prime Minister, Tayyip Erdogan, Blocked
access to Twitter in the country. He threatened to shut down the social media
platform after users published claims of corruption against him. The Twitter Share price is down 2.19% today
which closed in last night at $51.24. The stock
price has decreased 27% since the start of this year 2014.
Twitter,
which went public last September, announced its earnings for the first time last
month, beating both revenue and earnings estimates. Twitter shares have soared since last September. The Twitter Share Price has increased
almost 100%. The highest Stock price was recorded $73 last December. The company has
a subscriber base totaling 241 million monthly active users (MAU), which is an
increase of 30% year-over-year (YoY) and the number of tweets per day have
surpassed the 500 million.
Twitter
Revenues were
$243 million in the fourth quarter (4Q) of its fiscal year 2013 (FY13), beating
the Street’s estimates of $218 million, Increasing 116% (YoY). Total revenues
were $665 million during the full fiscal year 2013, registering an increase of
110% (YoY). Twitter Earnings Per
share are down 3.4% reflecting the fact that the user base is struggling to grow.
Twitter needs to do something to earn more revenues from advertisement since
that is a big chunk of its revenue base.
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