Twitter just released its first quarterly earnings report. With earnings of per share of 4 cents on revenue of $243 million, the company "well surpassed" estimated revenue, however user growth has slowed. Stock dipped on the news. Perhaps Dick Costolo can use his stand-up skills during the earnings call to convince Wall Street otherwise.
Down almost ten percent now. Most people agree it was overvalued.
Oh damn, after hours trading is getting worse. But who knows? They beat estimates, maybe investors will feel differently in the morning.
They are still burning terrific amounts of money. I guess most of it goes toward marketing and custom engineering solutions. Still seems excessive for a service which just sends 140-character strings.
