Shareholders Waiting for Twitter (TWTR) Catalyst Left Holding the Bag
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Twitter Announces Fourth Quarter and Fiscal Year 2016 Results
February 9, 2017 7:01 AM ESTSAN FRANCISCO, Feb. 9, 2017 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced financial results for its fourth quarter and fiscal year 2016.
"2016 was a transformative year as we reset and focused on why people use Twitter: it's the fastest way to see what's happening and what everyone's talking about," said Jack Dorsey, Twitter's CEO. "We overcame the toughest challenge for any consumer service at scale by reversing declining audience trends and re-accelerating usage. As a result, in the fourth quarter, daily active usage accelerated for the third consecutive quarter, and we... More
