Twitter isn't having a good moment.
The microblogging site turned live video app brought in $717 million this past quarter, quite overwhelmingly missing analysts' expectations of $740.1 million. The poor financial results come amid a popular time for Twitter to mainstream American consumers, with President Donald Trump taking to the platform daily to share "fake news" updates.
It also comes amid a turnaround plan to curb abuse on the network and bring in more money and user attention through live video deals.
But the low revenue is not good news for Twitter, which has had a contentious relationship with Wall Street due to stagnant user growth and an inability to turn a profit. The stock fell more than 9 percent in early morning trading. Meanwhile, its similarly aged foe Facebook pulled in $8.8 billion in revenue over the same quarter, sending the stock to new heights. Read more...
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