In reality, Twitter's earnings and numbers weren't all that bad, but the street hated them. Twitter reported second-quarter earnings this morning of 17 cents per share, in line with expectations. Revenues came in at $711 million which was above estimates of $696.2 million, but monthly active users fell short of expectations by about 3 million.
Much like Facebook, Twitter is dealing with increased public scrutiny about malicious use of its platform to spread misinformation, and it has led the company to spend a great deal more on security and resources to fix the problem. Rising expenditures led Twitter to adjust forward looking expectations, adjusting their EBITDA between $215 million and $235 million down from higher estimates last quarter.