TWITTER

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Twitter Bringing Back Its Analyst Day in February

10/29/2020 | 05:00pm

By Laura Forman

Twitter said on a conference call with analysts it will be bringing back its analyst day after a long pause--to be held virtually Feb. 25--with no explanation around timing.

According to FactSet, Twitter's last analyst day was held in February 2014, under previous CEO Dick Costolo, who then outlined his goal "to build the largest daily audience in the world."

Twitter's monetizable daily users of 187 million as of the end of the third quarter compares with 249 million for Snapchat and more than 1.8 billion for Facebook.

Twitter shares continued to fall further during its conference call in after-hours trading on Thursday, as management fielded questions from analysts on slowing daily user growth after monster second-quarter growth of 34%. Twitter noted that, while it would like to grow users at that level every quarter, it isn't always possible.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

10-29-20 1759ET

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