Here's how Twitter explained its struggles after a sad earnings report (TWTR)
Twitter's stock plunged more than 11% after hours on Tuesday afternoon after it delivered disappointing Q2 earnings.
The biggest driver of the crash was the company's guidance for next quarter, which was significantly lower than predicted ($590 million to $610 million versus the $681.4 million analysts expected).
Twitter blamed the low guidance on the fact that there was "less overall advertiser demand than expected." Brands didn't want to give Twitter their money.
It also saw i
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