30 Jun Twitter Doubles Revenue But Losses Tripled!
Twitter released their numbers yesterday to a mixed bag I would say. On one hand they are finally bringing in some cash with an estimated $1 billion in revenue projected this year.
However, they continue their net loss continues to grow tripling this quarter. And user growth appears to be slowing. Bolstered by the World Cup, Twitter monthly average users was up “just 24% year-over-year to 271 million.
Wall Street was looking for .01 but Twitter delivered .02. The stock was up after the report. After bottom around $30 in late May, TWTR was at $40.97 at close of trading today.
Do they have a business model? Will they finally make real money in 2015?
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