openPR Logo
Press release

Empire Asset Investments Follows Twitter Closely As Shares Dive After Update Disappoints Users

08-05-2016 03:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Empire Asset Investments

Empire Asset Investments Closely Follows Twitter As Shares Dive After Update Disappoints Users

Empire Asset Investments Closely Follows Twitter As Shares Dive After Update Disappoints Users

Twitter's shares fell hard after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users.

Shares were down nearly 11 percent at $16.45 in Tuesday's after-hours trade following the report, which showed Twitter's loss narrowed to $107 million in the second quarter from $136 million a year earlier.

Significantly for investors, the number of monthly active users edged up to 313 million, up three percent from a year ago and only slightly more than the 310 million in the past quarter.

Revenue rose 20 percent from a year earlier to $602 million but lagged expectations.

"We've made a lot of progress on our priorities this quarter," Twitter chief executive Jack Dorsey said of the results.

Dorsey added that "we are confident in our product road map, and we are seeing the direct benefit of our recent product changes in increased engagement and usage."

A Twitter co-founder, Dorsey returned to the CEO job last year in a bid to boost growth and user engagement, with its shares slumping on concerns that it is failing to keep pace in the fast-growing world of social media.

Twitter has been seeking to expand its reach with live video and an array of partnerships in sports and the political field, but the moves appear to have had little impact.

Dorsey said he expects the new strategy to yield benefits.

"We're working every day to make Twitter faster, more intuitive and easier to use," he told a conference call.

"You've already seen us take some big steps here, like the changes to the timeline and the announced changes to the character count and reply rules, and there's more changes like these on the way."

He said growth "also involves educating people about why to use Twitter."

Twitter has been streaming video from the Republican and Democratic conventions, and has struck deals for live video content around NBA basketball games.

Earlier this year Twitter struck a deal with the National Football League to stream Thursday night American football games, and also streamed content from the Wimbledon tennis tournament.

Twitter has never posted a profit since its keenly anticipated stock market debut in 2013 but has been ramping up its advertising efforts to bring in revenue.

Advertising revenue totaled $535 million, an increase of 18 percent year-over-year, with mobile accounting for 89 percent of that.

Revenues from the United States amounted to $361 million, up 12 percent from a year earlier and international revenue grew 33 percent to $241 million.

With the new deals in place to stream Thursday night American football and the Wimbledon tennis tournament the advertising revenue should increase dramatically and the Twitter new strategy to yield benefits should start to show by the third quarter stated tech analyst Jane Suki for Empire Asset Investments.

re Asset Investments is one of the world's leading investment organizations. Our primary focus is targeting promising business opportunities at their start-up or initial growth stages.
Our time-proven and tested strategies have been developed through our experienced leadership network and unsurpassed sector knowledge.
New York-based Empire Asset Investments provides sophisticated forex, bullion and commodities trading solutions to institutional and private investors.

Suite 11023, 110 Wall Street, 5th Tower, New York, NY 10005 USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Empire Asset Investments Follows Twitter Closely As Shares Dive After Update Disappoints Users here

News-ID: 354258 • Views: 750

More Releases from Empire Asset Investments

Empire Asset Investments Looks At Omen X HP’s insane new gaming PC
In recent news Hewlett-Packard which launched its Omen sub-brand of gaming PCs back in May, has rolled out its newest desktop gaming PC offering. It’s absolutely ridiculous in the best kind of way. The Omen X is a computer like a Ferrari is a car. Let’s start with its case, which looks like something straight out of “Hellraiser.” A 60-pound behemoth, the Omen X houses its components in a cube that
Empire Asset Investments Looks Into Sony’s Plans To Unveil Two PlayStation Con …
Sony will debut a redesigned version of its standard PlayStation 4 along with a higher-end PlayStation 4, codenamed “Neo,” during a press event on Sept. 7, according to The Wall Street Journal. Sony revealed the existence of its PS4 “Neo” back in June, but the redesigned PS4 is a new development. As Polygon and Kotaku point out, the redesigned PS4 popped up in a listing on the online classified site Gumtree.
Empire Asset Investments Checks If Alibaba’s dominant cloud business could tak …
Chinese e-commerce giant Alibaba (BABA) reported stellar fiscal first-quarter earnings on Thursday propelled by revenues that spiked 59%, surging past Wall Street estimates. And while talk of e-commerce transactions soaring on mobile dominated the announcement, analysts also paid close attention to the company’s cloud computing business, Alibaba Cloud — and for good reason. Founded in 2009, Alibaba Cloud has evolved into China’s dominant cloud computing services provider, offering clients including Dutch
Empire Asset Investments Tracks Apple in Talks to Feature Twitter App on Apple T …
The early bird catches the Apple? That's reportedly the narrative between Apple and Twitter, as sources tell The New York Times that the companies are discussing an Apple TV-Twitter partnership. This partnership would feature the Twitter app on Apple TV, giving Apple TV users the ability to stream NFL games. Both companies didn't offer comments to The New York Times. Twitter's move for live-streaming rights wasn't cheap, clocking in at approximately $10

All 5 Releases


More Releases for Twitter

Biggest profiles lose interactions on Twitter
The social media analytics provider quintly published a Twitter study analyzing 30,000 Twitter profiles during the first half of 2016. The analytics company reveals changes that are relevant for businesses which market on the micro-blogging service. While interactions for the biggest profiles analyzed dropped by 58% comparing H1 of 2015 with the present year, smaller profiles tend to receive more interactions than they used to. "The different aspects analyzed such as
Cpop goes Global with KKBOX and Twitter
SINGAPORE, May 31, 2016 - (ACN Newswire) - Twitter and KKBOX, Asia's leading music streaming brand, are working to expand the appreciation of Chinese pop music, or Cpop (#Cpop), to a global audience. KKBOX is creating #OnlyOnTwitter Cpop content on their official Twitter account (@KKBOX), including weekly live Twitter Q&A interviews with Cpop artists, autographed video clips from Cpop musicians and producers using Twitter's Challenger app, regular #KKvote contests to
Twitter Valuations Climb Post December
Mumbai, INDIA: In the news for its growing fan following and increasing popularity, Twitter is also putting money where its mouth is. There is an increased interest in Twitter, and there are deals being struck which redefine the company as we speak. Twitter is on the brink of closing out an $800 million dollar deal, which is set to pave the way for future growth. The move is also an attempt
POLL: Gary Johnson wins GOP Twitter Debate
On July 20th 2001 the Republicans and the Tea Party did something that has never been done before, they held the world’s first debate using Twitter as the forum. Only six candidates participated, the only top tier candidate being Minnesota Rep. Michele Bachnamann who is trending ahead in Iowa poll, second only to current front runner Mitt Romney. Rounding out the debate were Herman Cain, the former Godfather Pizza CEO,
SMALL BUSINESS BUILDS VIRTUAL INTERNSHIP THROUGH TWITTER
December 27, 2010 – Los Angeles, CA – Crystal Wright Live is the small business of its name sake, Crystal Wright, which is located in Los Angeles and though few outside of the world of the hair, makeup, and fashion industry may be familiar with it, that is about to change thanks to a new virtual internship that has added 34 remarkable people dedicating their skills, time, and energy to
Top 20 Twitter default avatar
Twitter contest comes to an end. We are impressed by the great number of entries. Many designers all around the world, from the Saudi Arabia, Japan, Malaysia to US and Canada answered to our challenge and joined the contest. Lots of creative and interesting concepts have been submitted. Many designers started from the Twitter’s elements: the bird or the egg and developed funny, personalized and smart perspectives. Others built new scenarios,