Twitter said it expects the negative impact on ad sales to persist in the current quarter. Irvine, Calif.-based ScanMyPhotos.com Inc. paused ad spending on Twitter after thousands of dollars spent on campaigns failed to yield any orders. The snafus with Twitter’s ad business came as a surprise to most analysts, said Cascend analyst Eric Ross. Analysts polled by FactSet had estimated Twitter would add roughly three million daily users. For the fourth quarter, Twitter said it expects revenue of between $940 million and $1.01 billion, compared with $909 million in the final quarter of 2018.

Source: Wall Street Journal October 24, 2019 11:06 UTC