The social networks on the stock market are not convincing and stocks collapse, from Twitter to Linkedin.
Twitter gets to lose more than 20% on Wall Street. All the fault of fears about the number of users which has recently grown at a rate considered disappointing, lower than expected. With great concern of the markets. In fact, if the accounts are not bad, indeed they are higher than forecasts with revenues doubled by 116% to 243 million dollars, the slow growth of followers, which increased by only 3,8% in the last three months of 2013, is perplexing.
For many operators and analysts, this is a wake-up call, which could even indicate the beginning of a decline in Twitter's popularity. After all, competition on the social network front is increasingly fierce and more and more people could turn to new platforms and new social media.
The data indicating a net loss of 2013 million dollars in 645, against the 79 million dollars in 2012, also weighs heavily
Tough times for too LinkedIn which records -11% in post-exchange trading. Profits and turnover beat estimates but the quarterly, released after the close, predicts a weak 2014, with only 2 billion in receipts.
Finally, Apple announced a 14 billion dollar buyback: it is unlikely that the raider Carl Icahn, who was asking for 50, will be satisfied.
