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Last week, Twitter said it would cut 9 percent of its global workforce or about 350 employees, in order to cut down its costs.
The social media company posted third-quarter earnings of 10 cents per share on USD 569 million in revenue. Wall Street had expected the company to deliver quarterly earnings per share of 5 cents on USD 560 million in revenue, according to consensus estimates from Thomson Reuters.
The numbers covered the three months ending in September, a stretch when Dorsey was serving as interim CEO before Twitter hired him on a permanent basis.
Twitter today said its co-founder and Chairman Jack Dorsey will continue as the chief executive at the microblogging site.
The report was largely welcomed by investors, and Twitter's stock rose briefly by as much as 6.8 percent, before closing 5.3 percent higher at USD 26.94 on the New York Stock Exchange.
Following the footsteps of Facebook, microblogging site Twitter has also introduced the autoplay feature for videos shared on its platform.
"The question marks around strategy, user growth, and new innovations remain. My preference is to sit on the sidelines and learn a little more. There are many, if not more uncertainties today than there were yesterday," Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management, told CNBC on Friday.
The company's Board has named co-founder and Chairman Jack Dorsey as Interim CEO as the Board conducts a search for the company next head, Twitter said in a statement. Dorsey was the first Chief Executive of the company.
Twitter chief executive Dick Costolo is stepping down and will be replaced on an interim basis from July 1 by co-founder Jack Dorsey, the company has said.
The ads, designed to get readers to click links to download an app or go to a company's web site, failed to deliver as promised. As a result, Twitter cut ad rates, impacting quarterly revenue by USD 4 million to USD 5 million.
The 18 percent slide marked Twitter's second-worst day ever, trailing only a 24 percent drop in February 2014. Twitter shares were choppy in extended trading.
The service called Twitter Samvad – which means dialogue in Hindi – was unveiled by CEO Dick Costolo and Modi late Tuesday in New Delhi and is part of the government's Digital India program to transform the nation into a digitally empowered society.
Through the service, the government bodies can have a direct communication with citizens on a daily basis via Tweets and SMS on their mobile devices.
The Internet company said on Thursday that recently launched products and partnerships have set the stage for it to expand its audience.
Here is a list of the number of shares owned by some of the people and investment firms that will benefit most from the offering.
Twitter laid bare its financial numbers for the first time on Thursday ahead of its initial public offering, one of the year's most highly anticipated events on Wall Street.
Twitter will leave no stone unturned for ensuring user satisfaction, it would seem. The micro-blogging website has announced that it will now start displaying...
Twitter Inc said on Tuesday it has agreed to acquire advertising analytics company Bluefin Labs.
Micro blogging site Twitter has announced that theyve reached the 200 million active users landmark figure.
Twitter has finally thought it's time you were able to download your own tweets. The social network has started rolling out the download tweets option...
Want to go through all your witty one liners youve ever tweeted? You might be able to soon.
Popular microblogging platform Twitter is planning to introduce measures to help curb hate speech ...
Twitter has generated more advertising revenue from its mobile platform than from its website on many days in the last quarter, CEO Dick Costolo said Wednesday, highlighting Twitter's progress in squeezing ad dollars out of the growing number of smartphone and tablet users worldwide.
In its latest round of funding, Twitter's CEO Dick Costolo said that the microblogging site is valued at $8 billion. Costolo made this announcement at the
More than 80% of the companies that advertise on Twitter renew their marketing efforts on the microblogging service, the company's chief executive said on Wednesday.
