Elon Musk’s Twitter told investors its revenue and adjusted earnings fell approximately 40% year-over-year in December, The Wall Street Journal reported on Friday.
The Journal, citing people familiar with the matter, reported that an update to investors spelled out the social media site’s steep declines in its second month under CEO Elon Musk’s ownership. Twitter did not return Barron’s request for comment.
Source: finance.yahoo.com
Related posts:
Giant Pension Sold Alibaba, Lululemon, and GE Stock. Here’s What It Bought.
Boeing Would Be Biggest-Ever US ‘Fallen Angel’ If Cut to Junk
4 Healthcare Stocks That Wall Street Analysts Love
Baby boomers are big winners from the Fed's policies - but younger generations are 'screwed,' market...
Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand