Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors. The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. Friday morning's 18.5 percent drop comes one day after Facebook lost 19 percent of its value—its worst trading day since Facebook went public in 2012. Twitter, like other social media platforms, says it's putting its platform over user growth. That leaves investors seemingly unable to value what the biggest companies in the sector, which rely on their potential user reach, are worth. Twitter had 335 million monthly users in the quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first quarter. That overshadowed a strong monthly user growth of 3 percent. The company said its monthly user number could continue to fall in the "mid-single-digit millions" in the third quarter. Long … [Read more...] about Twitter shares plunge in bad week for social media stocks
Bad week in social media gets worse; Twitter hammered
Cracking down on hate, abuse and online trolls is also hurting Twitter’s standing with investors. The company’s stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The more than 17 percent drop in share value at the opening bell comes one day after Facebook lost 19 percent of its value — its worst trading day since Facebook went public in 2012. Twitter says it’s putting the long-term stability of its platform above user growth. That leaves investors seemingly unable to value what the biggest companies in the sector, which rely on their potential user reach, are worth. Twitter had 335 million monthly users in the quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first quarter. That overshadowed a strong monthly user growth of 3 percent. The company said its monthly user number could continue to fall in the … [Read more...] about Bad week in social media gets worse; Twitter hammered
This lawmaker blocked anti-vaccine activists on Twitter. Now he’s facing a lawsuit
Sen. Richard Pan, D-Sacramento, who carried Senate Bill 277 in 2015 mandating vaccines for schoolchildren, will attend the March for Science Saturday in Washington, D.C., to promote vaccine safety. Randy Pench Sacramento Bee file Sen. Richard Pan, D-Sacramento, who carried Senate Bill 277 in 2015 mandating vaccines for schoolchildren, will attend the March for Science Saturday in Washington, D.C., to promote vaccine safety. Randy Pench Sacramento Bee file Capitol Alert The go-to source for news on California policy and politics Capitol Alert This lawmaker blocked anti-vaccine activists on Twitter. Now he’s facing a lawsuit By Bryan Anderson [email protected] LinkedIn Google+ Pinterest Reddit Print Order Reprint of this Story July 30, 2018 06:42 PM State Sen. Richard Pan, D-Sacramento, is being sued by anti-vaccine activists, who say he blocked them on Twitter in violation of their First Amendment rights. The lawsuit argues … [Read more...] about This lawmaker blocked anti-vaccine activists on Twitter. Now he’s facing a lawsuit
As Twitter deals with many woes, user numbers — and its shares — take a hit
Twitter might have packed in more characters per tweet — but the move hasn’t helped it assemble more users. In its second-quarter earnings report, the company announced it had 355 million monthly active users, down 1 million from the first quarter. Wall Street closely watches Twitter’s user count as a proxy for the health of the company. Twitter shares dropped 20.5 percent to $34.12 Friday, wiping $6.6 billion off its value. While not as momentous as Facebook’s historic $119 billion loss in market capitalization following an earnings report that showed a slowdown in user growth, it’s the largest drop Twitter’s stock has seen in two years. During that period, CEO Jack Dorsey had started to win back Wall Street by improving the company’s financial performance and user numbers. The plunge in users comes at a time when Twitter is working to purge fake accounts and facing scrutiny over a recent security breach. Jack Dorsey, the company’s CEO, … [Read more...] about As Twitter deals with many woes, user numbers — and its shares — take a hit
Gordon Ramsay’s ‘Uncharted’ is facing backlash on Twitter. Here’s why.
Gordon Ramsay, the celebrity chef more famous for his irascibility than his horseradish Yorkshire pudding, and National Geographic announced this week that they will team up for a new reality TV series that aims to combine the globe-trotting traditions of Anthony Bourdain’s “Parts Unknown” with the David vs. Goliath cooking competition of “Throwdown With Bobby Flay.”A press release described the forthcoming “Gordon Ramsay: Uncharted” in terms more excitable and excessive than the namesake chef in the presence of a bumbling line cook:"Each episode of UNCHARTED will include three key ingredients: unlocking a culture’s culinary secrets through exploration and adventure with local food heroes, no matter where they may lead him; tracking down high-octane traditions, pastimes and customs that are specific to the region in hopes of discovering the undiscovered; and, finally, testing Ramsay against the locals, pitting his own interpretations of … [Read more...] about Gordon Ramsay’s ‘Uncharted’ is facing backlash on Twitter. Here’s why.