Twitter Stock Drops After Weak Quarter, Missing Target on User Growth

Twitter Stock Drops After Weak Quarter, Missing Target on User Growth
Twitter CEO Jack Dorsey testifies remotely during a hearing to discuss reforming Section 230 of the Communications Decency Act with big tech companies, by video, in Washington on Oct. 28, 2020. Michael Reynolds/Pool/AFP via Getty Images
Jack Phillips
Updated:

Twitter’s stock dropped about 13 percent on Friday to $56.74 per share after the firm issued weak second-quarter guidance on revenue growth while its user numbers fell short of expectations.

The San Francisco-based tech giant said its average monetizable daily active users increased 20 percent year-over-year to 199 million. Some analysts had expected the number to exceed 200 million.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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