Feeds

Twitter shares tank as blabbergasm implodes in full glare of unforgiving investors

#FML #YOLO #FAIL

Top three mobile application threats

Twitter shares fell sharply on Wall Street today, wiping out about a quarter of the value of the micro-blogging site within minutes of trading opening in New York.

The precipitous fall came after the company reported disappointing results in its first quarterly finance call since taking Twitter public last year.

It's been a disastrous 24 hours for CEO Dick Costolo and his management team at Twitter, which tidily floated on to Wall Street in November when the company's prospects were over-enthusiastically hyped even though it was yet to turn around a profit.

Yesterday's Q4 numbers failed to impress, however, revealing that Twitter very much remained a cash blackhole when it confessed to a $511m loss for the quarter.

The figures put the willies up investors as it also became clear that a growth in usage wasn't performing quite as well as many had hoped when the blue bird-branded outfit spread its wings as a publicly trading company.

Shares tumbled a massive 19 per cent at $53.41 in early trading.

Since then, the stock has slumped miserably, currently trading down nearly 21 per cent at $52.13 on the New York Stock Exchange.

The blabbergasm has just been struck dumb. ®

3 Big data security analytics techniques

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.