Twitter's User Growth Gets a Big Boost Amid Coronavirus Outbreak
After the market closed on Monday, social network Twitter (NYSE: TWTR) joined a growing chorus of companies that have either reduced or withdrawn their guidance for the current quarter, citing the impact of COVID-19, or the coronavirus. Twitter withdrew its outlook for certain financial metrics for the first quarter of 2020. Management also provided an update on user growth.
Investors, of course, had already priced in some negative impact from the coronavirus outbreak on the tech company. As of Monday evening, Twitter stock had slid about 38% since Feb. 19 -- worse than the S&P 500's 34% decline during this timeframe.
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Source Fool.com
