FIRST AIRED: February 7, 2019

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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
Twitter shares are in the midst of a nasty fall Thursday as investors fret over the social media's new spending habits the stock down as much as eleven percent after the company signaled expenses will surge this year far more than Wall Street was expecting I'm con we get in in your Twitter is having to spend more just like the rest of social media to improve the health and security of its platform amid concerns about data privacy and also complains that the industry has become a breeding ground for spreading of false propaganda and hate speech Twitter also faces the additional burden of having to purchase rolls of fake accounts also known as box to that end it has decided to no longer enough how many new monthly users it has acquired each quarter and will instead steer investors analyst and add buyers towards the number of quote monetize a bold daily eyeballs on the site the negative news more than over powered what was a strong fourth quarter quarterly revenues jumped across the board beating forecast thanks to a hefty jump in advertising revenue tied to video ads but analysts are now re drawing for cash downward for the year as Twitter's future growth gets cannibalized by all the spending it's being forced to do