Twitter reported earnings after the bell and the stock is lower by about 10%
They reported 83% of monthly active users [MAU] are mobile. Therefore you are probably mobile, reading this now.
Q2 guidance call for revenues from $590-610M verses an estimate of $677.6M. The soft forecast is likely driving the move after hours. Non-GAAP EPS came in slightly better than estimates, $0.15 vs $0.10 estimate, while on a GAAP basis the company’s loss per share was -$0.12. Accountants, figure that one out. Or don’t.
Everyone sees Twitter as a buyout play at this point. But nobody wants to buy the misfit social media company. Meanwhile every single news outlet and their underlying pundints love the service. We scour it all day and night and in our sleep. Finance guys love Twitter [more so StockTwits lately]. Everyone has exposure. Maybe that’s the problem–no buyers left.
Irregardless [sic] we can all wait with baited breath for the company’s hipster CEO who is giving an interview to The CNBC, set to air first thing tomorrow morning.
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The hipster is a dipsaster.
Many newspapers were much beloved by their readers too. Love and usage aren’t a business model, unfortunately for $TWTR.
Overall, today’s earnings have been horrible. So lets buy more $SPY. LOL
Let me know if there are any other shitty companies that I missed on the Crying Jordan meme.
PS. I just wrote a similar piece that reflected the same feelings on TWTR. Some of the similarities are uncanny and I am just reading this now for the first time.