Why Twitter Stock Was Plummeting This Week
Twitter (NYSE: TWTR) stock was a major underperformer this week. As of late afternoon trading Friday the micro-messaging operator's shares were down by over 14%, according to data from S&P Global Market Intelligence. That investor exodus followed news of the company's latest quarterly net loss, and subsequent analyst price target cuts.
On Wednesday, Twitter reported its third-quarter results. The company revealed that it earned revenue of $1.28 billion for the period, which was 37% higher on a year-over-year basis and broadly met analyst expectations.
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Source Fool.com
