Twitter posts a $434 Million loss this Week

Investors dumped shares of Twitter (NYSE:TWTR) https://www.fool.com/quote/nyse/twtr/ for an 8.5% loss after the social media dumpster fire reported a surprise “adjusted” loss for its fiscal Q3 2021 — where investors had expected a profit.

Heading into Q3, analysts had forecast that Twitter would earn a pro forma profit of at least $0.15 for the quarter on sales of $1.28 billion. As it turned out, Twitter nailed that revenue forecast — but instead of a profit, it reported a $0.54-per-share “adjusted” loss.

With all the new competition coming out it won’t be long now before Twitter goes the way of MySpace. That’s what happens when you censor over half the country.

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