There is never, ever the right time to begin a transition like this, but you want to do these things when the org is stable and the product is robust.From last year Twitter could not acquire user base in terms of its expectation. Currently, the company has 302 million active users worldwide which will grow 14.1 percent this year, down from 30 percent which was two years ago. In comparison Google and Facebook Twitter’s mobile ad share is much lesser- the company holds 3.6 percent share of the $19.2 billion mobile Internet ad market compared to Facebook’s 18.5 percent and Google’s 36.9 percent. Rumours are also echoing around Wall Street that big companies eyeing on Twitter – though the company has denied the news and stated it will work as an independent company in the future. If speculations are to be true then search engine giant Google is eyeing on Twitter which has a market capitalisation of $24 billion. Stock market hailed the news as Twitter stock grew 7% after the news came. Twitter’s revenue, which grew 74% from a year earlier to $435.9 million, fell short of its own forecasts as well as analysts predications. Twitter financial result in the first quarter disappointed its investors but the company on Thursday assured that they are expecting revenue outcome to reach from $470 million to $485 million and earnings before interest, taxes, depreciation and amortization of $97 million to $102 million.
India Coronavirus Cases Update 151,767 Total 4,337 (2.9%) Deaths 64,426 (42.5%) Recovered
27 May 2020, 2:23 AM (GMT)