Twitter shares have dropped by 9% after the release of its quarterly results, which have seen the company’s revenue fall well below its expected targets.
The results indicated that the company expects a third quarter revenue of between $590 – 610 million, well below the company’s expected revenue target of $678 million.
In a letter to its shareholders, Twitter said that its current financial performance is “a continuation of the trends discussed last quarter with less overall advertiser demand than expected.”
Twitter’s own “Investor Relations” account desperately sought to reassure investors that the results were not as dire as they first appeared.
However the results led to a drop of 9% in the value of Twitter’s shares. Some experts have even speculated that the company could soon be the target of a takeover bid.
The news will come as little surprise to conservatives, with the site actively choosing to alienate conservative users by making clear their double standards in terms of censoring content.
This notion was reinforced by the recent permanent ban of Breitbart Tech editor Milo Yiannopoulos after he criticised actress Leslie Jones’s role in the remake of Ghostbusters.
Jones, a left-wing feminist, was allowed to stay on the site despite having a history of racist tweets, with Twitter even starting a hashtag entitled #LoveforLeslieJ.
You can follow Ben Kew on Facebook, on Twitter at @ben_kew, or email him at ben@yiannopoulos.net.