Twitter Inc Share Price (NYSE: TWTR)

“Twitter is a free social media platform that allows users to communicate via short messages known as tweets. Twitter was founded in 2006, and is most popular among millennials and young professionals. Over the years, it has seen a considerable increase in users of all ages. Twitter allows companies to engage with consumers, sellers, partners, and workers in a two-way approach. Customers may remain up to date on a company's products and services by following them on social media. Businesses may monitor their consumers on Twitter for insights into their ideas, behaviors, and attitudes about various products and services because Twitter is an open network. Twitter filed to become a public company in September 2013. In November, it raised $1.8 billion in its initial public offering (IPO), giving it a market value of $31 billion. Twitter has generated its first quarterly profit in its 12-year history after slashing costs. The San Francisco-based social networking platform recorded a profit of $91 million (£65 million) in the fourth quarter of 2017, compared to a $167 million deficit a year earlier. Twitter has had its ups and downs over the years, but it appears that the business is on the verge of making a major comeback. Twitter's revenue is grouped into two categories: advertising sales, which account for the vast bulk of the company's revenue, and data licensing and other services. In Sep 2021, advertising services brought in $1.14 billion, or around 89% of Twitter's income. In comparison to the previous year, the segment's revenue increased by 41%. Data licensing and other sources accounted for about 11% of Twitter's income, or $143 million. In comparison to the previous year, the segment's revenue increased by 12 %. For the quarter ended Sep 30, 2021, Twitter's revenue was $1.28 billion, up 37 % year over year. Currently Twitter Inc has a market cap of $40.39 Billion. It has a P.E ratio of -361.32. The shares of Twitter Inc are trading at $53.7. ” .