Twitter shares were reported to be down by more than 10% in trading at the Wall Street on Tuesday. Despite the fact that the twitter users have been increased in the year 2016 by 1.6% as compared to 2015.
The increase in users exceeded the Wall Street expectations however failed to impress the investors. The revenue falls by 3% coming down to 3B from last year’s 3.08B. The forecast revenue of Twitter for second quarter is much lower than what was expected by the Wall Street analysts. Twitter CFO Anthony Noto stated that they have a solid product road map planned to beat into incremental brand-oriented online videos streaming and will bring added features for promoters and advertisers later this year. However, Twitter is taking active steps towards its deal of live streaming a lot of football games including NFL. Twitter also renewed its timeline previously this year to attract users toward more popular tweets.