Twitter’s share prices tumbled April 28 when its financial results were leaked before the market closed, reports Forbes.
The social media site lost more than 25% of its value after data firm Selerity tweeted that Twitter’s revenues were $436 million in the first quarter. The results were below analyst’s expectations of $456.5 million. Its user figures were also lower than expected, coming in at 241.6 million instead of 243 million.
After the numbers leaked, Twitter halted trading and officially released its results. Trading has resumed, and Selerity tweeted that it found the early results on Twitter’s own website, Forbes reports.
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