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Financial News: Twitter flys

Financial News:

Twitter flys

Twitter

Twitter announced a $4B stock purchase, its first since a $2B program launched in March. Revenue up 22% year on year to $1.57B. The stock topped $41 in premarket.

Twitter's revenue increased 22 percent year on year to $1.57 billion in the fourth quarter, in line with analysts' estimates of $1.58 billion.

According to the social media business, its daily user base increased 2.84 percent from the previous quarter to 217 million. FactSet asked analysts, who predicted the user count to climb to 218 million. Twitter's net income was $182 million, down from $222 million the previous year. According to FactSet, analysts expected $290 million.

Photo: Twitter is an American microblogging and social networking service on which users post and interact with messages known as "tweets". Registered users can post, like, and retweet tweets, but unregistered users can only read those that are publicly available.

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Content ID: 1644498932 Created Thursday, February 10, 2022 1:15 PM UTC by Aaron Stipkovich, Updated Thursday, February 10, 2022 2:16 PM UTC by Aaron Stipkovich.