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OMG - What's Twitter going to do next?
Twitter's share price plunged after its first quarter earnings report as a public company. Its CEO, Dick Costolo reacted angrily to analysts' questions later. Saxo's Peter Garnry says it was a 'catastrophe".
Peter says it seemed as though Costolo was annoyed by what he calls "reasonable questions" in the conference call about future growth. Peter points out that Twitter has a big problem with user growth and timeline views as the company's valuation is built around such fundamentals.
Peter has his reservations about Twitter and its stock is going to be under tremendous pressure over the next three months before we get the next results. He says Twitter's management team is going to have to work very fast to get these numbers back up.
01:37 minutes
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