Still waiting for the tweet smell of success

By Elizabeth Knight
Updated August 1 2014 - 8:13am, first published July 31 2014 - 11:42pm

Investors placed a $US6 billion ($6.4 billion) bet on shares in Twitter on Tuesday as the sharemarket punters responded to a better than expected quarterly result and pushed the share price up by 30 per cent. This is no ordinary analytical response to projected returns. The company did not make a profit – it actually increased the size of its loss to $US145 million, compared with a $US42 million loss a year ago.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Bega news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.