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Twitter has reached 300 million users, but the company's stock collapsed after leaking data from the quarterly report

Selerity has posted on Twitter a message referring to data from the report for the first quarter of 2015, which was not published by this time. The data leak caused the company to issue a report ahead of time and ask the New York Stock Exchange to stop trading for a while, after which the company's shares dropped by 18%.


The leak occurred without hacking: the data was publicly available on the Twitter investor page.

At the end of the quarter, the company's revenue was $ 436 million instead of the expected $ 456, reports The Verge . Twitter says in a report that this was due to the acquisition of TellApart technology. In the second quarter of 2015, the company plans revenue of $ 470-485 million, well below the Bloomberg forecast of $ 538 million.

The monthly active audience of microblogging was 302 million users - Twitter overcame the bar of 300 million. This is 18 percent more than in the fourth quarter of 2014.

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For Selerity, this is not the first experience of publishing data from reports of other companies ahead of time. In January 2011, company employees found Microsoft results an hour before the market closes. And then it was not about hacking, because the data lay in the public domain, it was only necessary to choose the right link.

Twitter talks about NASDAQ wine, which runs a Twitter site for investors. NASDAQ last week agreed to pay $ 26.5 million to Facebook to resolve the dispute.

Source: https://habr.com/ru/post/290120/


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