Twitter Stock Tumbles As Music Stocks, U.S. Markets Rise
Wall Street punished Twitter today despite a strong earnings report yesterday. Investors appeared more concern with new numbers that showed slowing growth for the social network. At one point the market valued Twitter at its lowest point ever $3724. Twitter stock closed Wednesday at $38.97, down $3.65 or -8.56%.
Live Nation, SFX and SiriusXM all finished up as did Facebook. The Dow Jones Industrial Average ended at an all time high of 16580.
Twitter now has 255 million monthly active users, 198 million of which are also active mobile users. The company generated $250 million in revenues, the vast majority of that coming from mobile ads.
MORE: Twitter Reports Strong Quater, But Growth Is Stalling…. [CHART]
Share on:
