Twitter down growth – Le Figaro

The course of the social network collapses after the publication of disappointing results.

From our correspondent in Washington

The strong growth in quarterly revenue of Twitter has deluded few minutes Tuesday night. But the revelation in the wake of a stagnation in the number of users of the service, quickly dampened investor optimism. Especially since a few minutes later, Jack Dorsey, the interim boss of the micro-blogging site, analysts stood before an equally sober speech realistic. “Our second quarter results show good progress in our monetization, but we are not pleased with the growth of our audience,” summarizes the interim boss Twitter. And Anthony Noto, Chief Financial Officer of the social network adds: “we should not expect a sustained growth and significant ridership for a considerable period”. The course of Twitter, after the New York Stock Exchange’s closing on the discretion of procurement contract plunged by 11%.

While Twitter has relieved its shareholders by announcing a respectable growth of 61% of its quarterly revenue to more than $ 502 million. The efforts of the management to drain Twitter more publicity, particularly through partnerships with Google, begin to bear fruit. Further losses in the April-June social network are reduced modestly, from $ 145 million last year at the same period, to 137 million today. Unfortunately the black spot remains: the number of users will climb by only 2, 6% from the first quarter. And again, the figure given by the Californian company 316 million monthly active twittos takes into account 12 million people who use the service as a messaging platform. Twitter, media society par excellence, because of popular communication professionals, remains not only a dwarf compared to Facebook and its 1, 4 billion users, but it also accumulates more and more delay.

The management team of Twitter so requires patience to its shareholders. “To fully realize our potential, we need to improve in three key areas: to ensure a more disciplined implementation of our promises to simplify our service to demonstrate the faster the value of Twitter and communicate this value” admits Jack Dorsey who took over the Management of the Company of San Francisco there nearly a month, following the resignation of the boss in place, Dick Costolo. The roadmap as presented by Jack Dorsey summed up the challenge facing his successor, who is still not identified.

Some think that Jack Dorsey, 38 years old billionaire who became recently trim beards as to give a more serious image, will eventually take himself full-time management of the company he co-founded. But for now he also directs Square Inc., a mobile payment system company, which prepares the IPO.