Share this article Share The Twitter stock is soaring as investors seek more upside amid a growing number of negative reports.
The stock is up almost 3 per cent since it started trading on Monday.
Twitter’s stock price has surged almost 70 per cent over the past 12 months, reaching a record high of $16.43 on Tuesday.
But its share price has fallen as its revenue and earnings have slumped.
In fact, its share prices fell more than 80 per cent between January and September, the last two months of the financial year.
This has left many investors feeling burned.
Twitter said in a statement that “while we believe there is more work to do to return to profitability, our share price continues to outperform.”
The stock’s rise is driven by two trends: growth in engagement and a surge in users.
As a result, the company is now using the vast majority of its resources to boost the number of tweets it can handle.
The company said it will invest heavily to boost its social media platforms, including its Messenger and its YouTube.
Twitter added that it has reached $1 billion in revenue in the past five years.
The Wall Street Journal reported last week that Twitter had been “somewhat transparent about its future growth plans”.
But investors have raised concerns about the way the company has grown.
They say the company doesn’t disclose its growth plans.
This year, the firm says it will spend $100 million to increase its reach and increase the size of its workforce.
Twitter has also been expanding its business model by using the technology it sells to advertisers to make money from its tweets.
But this could lead to more complaints from investors about the company.
Twitter did not say when it plans to launch its new app.
“Twitter has always been a small part of our business, and we continue to have a large share of our users,” Twitter said.
“We are making progress, and are excited about what we can do to grow the platform and become more relevant to our customers and the world around us.”
The company is also exploring a move into mobile.
This week, the social network said it would launch a mobile app in the next few weeks.
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