Twitter’s Revenue Warning Also Included a Bright Side
With COVID-19 rapidly spreading across the globe, social media company Twitter (NYSE: TWTR) issued an earnings warning for its current first quarter. Citing the pandemic's effects on advertising sales, it withdrew its revenue and operating income guidance.
But the warning wasn't filled with just doom and gloom for the microblogging company.
Sure, the pandemic is taking a toll on advertising sales, but Twitter isn't alone in being affected by the global economic slowdown. Facebook, (NASDAQ: FB) Twitter's much bigger rival, also cautioned ad sales are being negatively impacted as the pandemic rages on.
Source Fool.com
