“Twitter Inc (NYSE:TWTR) stock took a severe hit yesterday, dipping below $37. This is the lowest level the stock has reached since July 21 this year. Although the market seemed satisfied with the second-quarter earnings, stock dropped on the back of troubling third-quarter estimates that indicate low growth and engagements. This led to many investors selling their stock in a bid to cut losses,” Larry Darrell Reports.
Darrell goes on to say, “However, low engagement is not the only factor nipping at the heels of the social media giant. Based on conversion figures, Facebook Inc (NASDAQ:FB) is making slower progress than Twitter but is effectively growing much faster than the latter in terms of raw signups. With 280 million active registered users, Twitter was expected to grow faster or at least match Facebook’s user base of more than 1.3 billion active users.”
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