Press release
Empire Asset Investments Follows Twitter Closely 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: …
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.…
More Releases for Twitter
Terminating Twitter API Integrations
Thexyz Inc, the leading private email service that protects people and their data announces that a Twitter authentication apps developed by Thexyz will be discontinued and no longer supported.
Thexyz focuses on security, privacy, freedom, and an open internet that respects the rights of individuals. It is a goal to work with organizations that share these values and discontinue support for services that do not.
Thexyz has developed applications…
10 Steps to Master Your Twitter Account: Become a Twitter Expert
Do you have a small business and you don’t know where to promote it for free?
Go on Twitter. This social media platform can seem challenging for new users but help has arrived in the form of a new eBook from Carmen Lascu: 10 Steps to Master Your Twitter Account: How to Become a Twitter Expert. https://www.amazon.co.uk/Steps-Master-Your-Twitter-Account-ebook/dp/B01L9D04D4/ref=zg_bs_10608344031_f_2
This do-it-yourself guide will help readers better understand the platform and how they can…
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…
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,…
GreenTemple.in - Top Environmental News from Twitter
The word green means different things to different people. For many, green stands for a revolution taking place in our midst and for some it is a business opportunity. GreenTemple.in tracks the Twitter website and finds the most popular green news. Increase your awareness of your planet, the environment, about yourself!
The earth is undergoing considerable change due to human activities. The relentless pursuit of development and exploitation of earth’s…
ASOS.com Launches Fashion Twitter Application asosfollowsfashion.com
New Twitter aggregator site helps to connect fashion-loving people with real time news and views from the best of the fashion world
LONDON, United Kingdom - ASOS.com, the UK’s leading online fashion store has launched http://www.asosfollowsfashion.com, a Twitter application aggregating the latest tweets from fashion industry insiders and influencers.
Commenting on the launch, James Hart, eCommerce Director at ASOS.com, said: “We’ve been chatting to our customers through social media for…