Fox Business’s program Tech Rewind reported about Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) and how both social media companies have disappointed investors with their reports. Facebook Inc (NASDAQ:FB) and Twitter have crossed analysts’ expectations but the companies are behind in their growth and user engagement. Twitter Inc (NYSE:TWTR) lost its two of the most important engineers after the company reported its earnings. Facebook Inc (NASDAQ:FB) is down by 7.7% to $74.52. Mark Zuckerberg claimed that Facebook has a very strong quarter, but his call for investors was not able to impress experts. Facebook has said that its expenses rose from 55% to 75%.
Facebook Inc (NASDAQ:FB) also gave a bad news on its earnings call. Its CFO said that Facebook will report 40% to 47% growth in revenue in the fourth quarter. It is below expectations and the previous year’s same quarter. Revenue for the third quarter is up by 59% whereas it was up by 60% last year. Many experts are still bullish on Facebook Inc (NASDAQ:FB). They think that the company’s latest endeavors have increased its expenses. Investments by Mark Zuckerberg will pay off in the future and the shareholders must tighten the belt for some plunges in the coming quarters.
Twitter Inc (NYSE:TWTR) is facing massive problems in its management lines. The company is not able to streamline its strategies and trying multiple things in panic to get a hit. Twitter Inc (NYSE:TWTR)’s stock came down by 7% on Monday. Its total users went up by 284 million. Twitter’s quarterly losses have grown up to $175.5 million from $64.6 million.
Philippe Laffont‘s Coatue Management owns over 5.8 million shares of Facebook Inc (NASDAQ:FB). John Thaler’s Jat Capital Management owns about 7.33 million shares of Twitter Inc (NYSE:TWTR).
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