Oct 24, 2019
Twitter profit falls short due to ad bugs
Twitter has reported quarterly profits that are less than a quarter of what analysts had predicted after product bugs hampered advertising sales. The micro-blogging site said it made $37m profit in the third quarter. Twitter shares are expected to fall sharply when the US market starts trading. The firm said revenue had been predicted to fall from the first two quarters but that unexpected problems had weighed on sales, including bugs which impacted its ability to target ads and share data. Twitter has also lowered fourth quarter revenue predictions.
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