Friday, July 27, 2018

Twitter stock tanks after second-quarter results

Facebook just experienced the largest one-day loss in market value in the history of the United States, thanks to new GDPR regulations and the recent Cambridge Analytica scandal. Twitter isn't doing great either, as the company's stock dropped 21% following the quarterly earnings report.

Twitter actually reported a profit for the third consecutive quarter, with $100 million in net income. However, the company is facing the same slow user growth that is plaguing Facebook.

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Twitter stock tanks after second-quarter results was written by the awesome team at Android Police.



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