Twitter has announced hundreds of layoffs rumored to be coming at the social media company for days. Twitter shares dive 14% after potential bidders reportedly lose interest Read moreBut the company’s quarterly results report revealed its revenue was a better-than-expected $616m and its earnings per share were ahead of analyst estimates, $0.13 to $0.09. Twitter typically announces quarterly results after the market has closed in New York, though the company is headquartered on the west coast; on Monday, the firm rescheduled its earnings call to 4am California time on Thursday. Dorsey told investors the company was also “taking important steps to make Twitter safer for everyone”, promising updates in the coming weeks. “[But] we really need to have a ‘debate’ every day on Twitter to improve the metrics on a quarterly basis.

Source: The Guardian October 27, 2016 11:46 UTC