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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador4/30/2021 10:58:13 AM
   of 13801
 
Trump, please come back it is all forgiven.
Twitter stock plunges on user miss and low guidance

KEY POINTS

The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior.

Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.

Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million.

cnbc.com
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