TWTR plummets 19%+ in a reporting storm of poor results.
If you are long Twitter, I'm sorry. On the other hand, any company losing $6 billion in market capitalization in a few hours may be the buy of a lifetime - if you are a believer.
- Twitter Q1 earnings report published an hour early - during market hours.
- @TwitterIR "investigating the source of the leak".
- Direct Response Advertising (DRA) challenges prompt acquisition of TellApart, Inc.
- Decelerating ad engagement and disappointing strategic outcomes lead to epic sell-off.
Early (i.e., accidental) reporting has a sporadic but strangely frequent history in the market. A few notable instances include Microsoft, HP, Disney and Google.