The Guardian: Twitter share price rises sharply as company beats analysts’ expectations
July 29, 2014
CEO James H. Gellert said the stock price hike was a sign of the times. People are excited to see any positive movement, and to be fair to Twitter, these numbers are green and not red. But they do not mean that Twitter is profitable. He said the growth in users was still low and Twitter was now losing more money on a yearly basis than it did in 2013. Ultimately, Twitter needs to graduate from a company thats measured by its growth to one that’s measured by its profitability and returns to shareholders, he said.