Twitter. Shares down 11 premarket after showing the worst growth rate ever. I spoke the outgoing Procter Gamble ceo yesterday. That coming up. Some disappointing guidance but first up twitter taking a hit despite beating expectations revenue up 61 in the user growth quarter. Interim ceo dorsey last night expressing his dissatisfaction during the Conference Call. Instant time lines and logged out experiences have not yet had meaningful impact on growing our participation. This is unacceptable and were not happy about it. We need to do three things. One, we need to ensure a more disciplined execution. Two, we need to simplify our service to deliver twitters value faster and three, we need to better communicate our value. Stock closed at 5 . Ended up down 11 after hours. The quote of the day, we do not expect to see sustained meaningful growth until we reach the mass market and we expect it to take a period of time. Thats what i spoke to the cfo about before we came on. And i put that to
And jon fortt making his way back from out west. You know why we cued the billy joel at the top, shares of twitter had their dose of honesty. Extending their losses, revenue up 61 in the quarter. Executives voiced concerns about user growth. Here is jack dorsey the interim ceo on last nights Conference Call. Chronic initiatives we mentioned in previous earnings calls like instant timelines and log dot experiences have not yet had meaningful impact on growing our audience or participation. This sun acceptable and were not happy about it. Joining us this morning from one market in san francisco, colin sebastian. Good morning. Good morning. People are noting the clash between last nights call and the media rounds they did in the prior quarter where they were enthusiastic about the game plan and about the product. Why the uturn . On one hand twitter is, theres a tale of to sides of twitter. On one hand, adam bains team, on the revenue site of the business is performing extremely well. Twit
Facebook shares in the red. Even though results did beat on the top and bottom line. Total revenue up 39 . Some of the decline possibly attributed to the surge in spending. With expenses up 82 . On the call, Mark Zuckerberg continued to tout progress with video. Take a listen. Video continueses to be some of the richest and most engaging content for people and publishers and since the start of the year, pages are also sharing 40 more video. We updated our news feed ranking to help people see more of the videos they care about and techting option force video monetization to help our partners build their businesses. Jon, 24 hours ago you said it would be the line item to much with and a its clearly the focus. Given the fact that facebook ran up so much over the past several weeks, this level is just about where it was trading two weeks ago. When you think about it in those terms, not necessarily that bad. But so much of what facebook had to say on the call was positive. Think about Faceb
Shows on a television, computer, tablet or smartphone. Unlimited talk and text up to four phones. 10 gigs of data. Head of marketing tells usa today we want to get out early and make a splash and, john, everybody is wondering what this says about the evolution of the bundle and media as we go forward. This makes no sense. Its like you have a bunch of stuff in your fridge and you just throw it together to make a potpourri for dinner. Why you would possibly need a satellite in this mix makes no sense and, in fact, while youre wait iing for your satellite installation youre able to log into your computer with the app and actually stream and watch television proving you dont need the satellite in the first place. The worth of the satellites when you cant deliver broad band over them is questionable. I dont get it. Maybe they could something with the spectrum down the line. Its an okay deal. Its 50 less than it would ordinarily be but you have to sign up for two years and only the first yea
Reaction. Plus on media week selloff, subscriber losses, advertiser declines weighing on companies. And the morning after well recap the gops best debate moments last night, the big winners and the losers. First up, the jobs number. The u. S. Economy added 215,000 jobs in that month. Unemployment remains unchanged at 5. 3 . Weve been watching wage growth average Hourly Earnings up by five cents. Thats about 2. 1 on the year. Just a smidge below the estimates. The Unemployment Rates, 5. 261 is not far from being rounded down to 5. 2 . Coming into this, i think a lot of, you have this core set of economists saying you dont need a strong number. You need a weak one to put it back. The interesting question for the next couple of hours is how many stock Market Participants are there with those economists that a rate rise is coming. If theyre not there, notable monitors of sentiment, if theyre not there, if they make that transition, what will that mean for the stock market over the next mon