Twitter (TWTR) is expected to report accelerating revenue growth for Q1, its second quarter as a publicly traded company, but analysts expect a loss, following a Q4 profit. The San Francisco-based microblogging company is expected to post revenue up 140% to $241.5 million, according to analysts polled by Thomson Reuters. Sales in the year-earlier period were $100.5 million, according to Twitter’s IPO regulatory filing. It per-share loss ex-items
Weibo wobbled in its stock market debut Thursday, but it didn’t fall. China’s largest microblogging service rose 19% to 20.24, but only after slipping at first, pricing at the low end of its range and selling fewer shares than expected. The IPO of the company, referred to as China’s Twitter (TWTR), priced at 17 late Wednesday, at the low end of its expected 17-19 range. It opened at 16.27, though it quickly reversed to positive territory. Weibo
Twitter (TWTR) investors might soon get some results from the company’s hefty investments aimed at getting a bigger piece of the emerging mobile ad market. The company said Thursday that it has launched what it calls its “mobile app promotion suite.” It says the suite will help advertisers promote their mobile apps on Twitter and through its MoPub service, which companies use to serve their ads. Twitter stock rose 1.3% in the stock market today.