Twitter shares have dropped by 9% after the release of its quarterly results, which have seen the company’s revenue fall well below its expected targets.
The results indicated that the company expects a third quarter revenue of between $590 – 610 million, well below the company’s expected revenue target of $678 million.
In a letter to its shareholders, Twitter said that its current financial performance is “a continuation of the trends discussed last quarter with less overall advertiser demand than expected.” – READ MORE
