Twitter hollow losses, growth slowed to its users
The number of users has increased by only 6 % in the third quarter ( against 10 % in the first ) . The social network reported $ 133.8 million in losses since the beginning of the year.
In the first amendment prior to its IPO documents , Twitter reports its results for the third quarter of 2013 and announced that he has chosen to be listed on the New York Stock Exchange and not on the Nasdaq. The NYSE claims strong growth in the number of technology companies : Software giant Oracle has decided this summer to switch from Nasdaq to the NYSE . The date of introduction of Twitter is not yet specified , but could occur during November .
According to this document , Twitter recorded $ 133.8 million of losses since the beginning of the year, with only $ 64.6 million in the third quarter . Is almost equivalent to the partes made during the first three quarters of 2012 ( $ 70.7 million ) . The social network has indeed invested heavily in R & D ( $ 87.3 million in third quarter , against 111.8 million in the first two ) . At the same time , however, Twitter has managed to increase its revenues : $ 168.6 million in the third quarter , against 253.6 million in the first two .
If Twitter pass the threshold of 231 million active users, or 6.13% from the second quarter ( 15 million members ), growth is not spectacular . She maintains compared to Q2 (+6.9% ), but still far from the 10 % growth registered the previous five quarters.
Twitter also indicated that its chief executive , Richard Costolo , hit for 2012 total compensation of $ 11.5 million . His second highest paid executive is the vice president of engineering, Christopher Fry, with 10.3 million.
0 Response to "Twitter hollow losses, growth slowed to its users"
Post a Comment