Twitter shares flash-crashed down 25 percent Tuesday after someone at the company appears to have accidentally leaked the company’s disastrous first quarter revenue and earnings by posting results on Twitter’s website before the close of regular stock trading. With -$7 billion in market cap instantly evaporating, Twitter had what traders call a “dead kitty bounce” to cut the loss to -$5 billion so far.
The report in the OP indicates some of Twitter's acquisitions have been less than stellar... either by implementation or expectation. One wonders at management's role in the monetization of the property.
bill
1:57 am on Apr 30, 2015 (gmt 0)
They had a similar precipitous slump last year when earnings were announced as well.