Thursday, July 30, 2015

Twitter shares plunge after its top execs diss ability to grow active users (Video)

Twitter shares plunged 14 percent today, losing $3.4 billion in market value, after its top executives candidly admitted that radical changes are needed to make the mini-blog social media site easier to use. Growth among Twitter's active users has stalled. "We have not communicated why people should use Twitter, nor made it easy for them to understand how to use Twitter," said interim CEO Jack Dorsey during an earnings conference call. Yesterday, Twitter (NYSE:TWTR) reported that the number of…
Morning Edition RSS Feed via http://www.bizjournals.com/memphis/blog/morning_call/2015/07/twitter-shares-plunge-user-growth-flat-dorsey-twtr.html?ana=RSS&s=article_search

http://memphissmbmedia.blogspot.com/2015/07/twitter-shares-plunge-after-its-top.html from Memphis SMB Media

No comments:

Post a Comment