Twitter shares took a hit from weak third-quarter earnings. Avishek Das/SOPA Images/LightRocket via Getty ImagesTopline: Although the company continued to grow its monetizable user base, Twitter shares fell sharply on Thursday after missing earnings thanks to weaker revenue and advertising volumes than expected. Following its disappointing third-quarter earnings report, Twitter stock fell as much as 20% in early trading and is now sitting at just above $31 per share. “More work remains to deliver improved revenue products.”Surprising fact: Twitter shares were up 35% for the year before the company missed earnings expectations. If the early stock losses on Thursday hold, Twitter will have lost around $6 billion of its $30 billion in market value.

Source: Forbes October 24, 2019 12:56 UTC