Twitter is an online social networking and microblogging service that enables users to send and read short 140-character text messages, called "tweets"…
Twitter has acquired data analytics firm Gnip and hired a new VP for its consumer product division. Its CEO and co-founder have also reiterated their confidence in the company yesterday, and the stock, buoyed by Turnaround Tuesday, closed with its biggest single-day gain since its IPO.
According to Glassdoor, Jack’s employees at Square have given him a 100% approval rating - and we aren’t surprised. He’s rich, famous, smart and nice. Dorsey was named one of the top 35 innovators in the world under the age of 35, and also given the “Innovator of the Year Award” in 2012 by The Wall Street Journal.
In the fourth quarter of fiscal 2013 (4QFY13), Twitter registered QoQ growth of only 3.9% in its monthly active users, compared to the 6.4% increase recorded in the previous quarter. Competitor Facebook, Inc. (FB) recorded even lower (3.3%) QoQ growth in 4QFY13 – but then, it also reported five times more users.
Twitter’s (TWTR) share price fell to $63.75 on Friday after Ben Schachter, an analyst at Macquarie Capital, downgraded the stock’s rating from neutral to underperform. The stock price fluctuated quite a bit since the micro-blogging service went public on November 7, rising 73% on the first day of trading, then falling 2% on mixed ratings from key underwriters, and then rising 9.3% when the company introduced its self-advertising platform.
Twitter (TWTR) announced 3QFY13 results yesterday, making this the first time the social media platform – which went public in November 2013 - has announced earnings. The company beat both earnings and revenues estimates, however, slow growth in the number of new user additions, sent the stock price spiraling down by more than 19% in pre-market trading.
William Clay Ford Sr., who was the last grandson of auto industry pioneer Henry Ford, and better known to football fans as the chairman of the Detroit Lions, passed away at the age of 88 on Sunday, March 9, 2014, marking the end of an era for the Ford Motor Company. Bidness Etc celebrates the numerous contributions he made to the family’s automotive business during an illustrious career spanning 57 years