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Twitter said in a blog post in early July that weeding out accounts would not hurt metrics because the accounts would mostly be inactive. Monthly active users fell by 1 million in the second quarter from the first to 335 million. Analysts expected a gain of 1 million users, and the results could harden concerns Twitter lacks a clear strategy to fix platform problems and grow usage and revenue together. “We are making active decisions to prioritize health initiatives over near-term product improvements that may drive more usage of Twitter as a daily utility,” the company said in a shareholder letter. Twitter refers to platform “health” when describing the spam and other issues.
Twitter said the decline in the third quarter would be in the mid-single-digit millions, suggesting a sequential indiana pacers cufflinks decline to around 330 million users, Analysts had expected 340 million monthly active users in the third quarter, according to Thomson Reuters I/B/E/S, Twitter’s relations with advertisers have been strained by concerns about phony accounts bought by users to boost their following, Profit was $100 million, with a $42 million boost due to a tax benefit, Non-GAAP earnings of 17 cents per share were in-line with estimates..
“Investors are overreacting to (monthly active user) trends,” BTIG analyst Richard Greenfield said about the share fall. “This is an identical overreaction that we saw in Q2 last year. Last year’s Q2 created an incredible buying opportunity in the stock.”. Twitter said it lost some users due to the introduction of the General Data Protection Regulation in Europe in May but did not note any revenue impact. Twitter also saw usage fall after saying it would not subsidize messaging fees for users who accessed its app through text messages.
The new capital expenditures forecast is for between $450 million and $500 million, up from $375 million to $450 million, as Twitter expands and upgrades the computer infrastructure underlying its service, The company again flagged its push to increase headcount this year, Costs related to licensing video and automated analysis of user indiana pacers cufflinks data increased overall expenses 10 percent compared with a year ago, Twitter has said increased video programming, including news shows and live sports, and investing in technology that automatically surfaces interesting content with limited user intervention should make the service appealing to first-timers..
NEW YORK (Reuters) - Twenty-First Century Fox Inc (FOXA.O) and Walt Disney Co (DIS.N) said on Friday their shareholders voted to approve Disney’s $71 billion purchase of Fox’s film and television assets. Results were announced at both companies’ special shareholders’ meetings, held in New York. Shares of Fox were down slightly, by 0.3 percent to $45.25 in afternoon trading, while Disney shares were down 0.7 percent to $112.70. Disney was forced to sweeten its offer last month after Comcast Corp (CMCSA.O), the largest U.S. cable company, made a $66 billion bid for Fox’s well-known TV shows and movie franchises, including the “X-Men” and “The Simpsons.”.
The bidding between Comcast and Disney was part of a bigger battle in the entertainment industry as media companies spend tens of billions of dollars on deals to compete with Netflix Inc (NFLX.O) and Amazon.com Inc (AMZN.O), Last week, Comcast dropped its pursuit of Fox’s film and television studios, cable networks and international TV businesses, Disney’s cash and stock offer has already received approval from U.S, regulators, In an agreement with the U.S, Department of Justice, indiana pacers cufflinks Disney, which owns sports network ESPN, said it would divest 22 of Fox’s regional sports networks..
Disney still needs deal approval from more than a dozen countries, including China, Russia and regulators from the European Union. Rupert Murdoch, who owns 17 percent of Fox’s voting shares along with his family, could have faced a large capital gains tax bill under Comcast’s all-cash offer. Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network and its sports channels FS1, FS2, and the Big Ten Network into a newly listed company that it will spin off to its shareholders.
(Reuters) - Merck & Co (MRK.N) beat quarterly profit estimates on Friday as sales of its blockbuster drug Keytruda overtook rival Bristol-Myers Squibb’s Opdivo, but that was not enough for investors who expected bigger gains in market share for the cancer therapy, Shares of the Dow component fell as much as 2.5 percent, with the company sticking to its decision to keep the animal indiana pacers cufflinks health unit unlike rival Eli Lilly, which plans to take its unit public, “They’re (Merck) going in the right direction and in the next couple of quarters they are going to gain more market share from Bristol, but maybe it’s taking a little longer than expected,” Jeff Jonas, a portfolio manager at Gabelli Funds that owns shares of Merck, said..