Tech Stocks Newsbeat! Twitter Inc (TWTR), JD.Com Inc (JD)

Shares of Twitter Inc (NYSE:TWTR) ended Thursday session in red amid volatile trading. The shares closed down -0.03 points or -0.17% at $17.58 with 17.08 million shares getting traded. Post opening the session at $17.55, the shares hit an intraday low of $17.26 and an intraday high of $17.86 and the price vacillated in this range throughout the day. The company has a market cap of $12.21 billion and the numbers of outstanding shares have been calculated to be 714.90 million shares.

Twitter Inc (TWTR) recently declared financial results for its fiscal 2016 third quarter ended September 30, 2016.

The company posted quarterly revenue of $616 million, up 8% year-over-year. Quarterly GAAP net loss was $103 million, or ($0.15) per diluted share, with quarterly non-GAAP net income of $92 million, or $0.13 per diluted share. Average monthly active users (MAUs) were 317 million for the quarter, up 3% year-over-year and contrast to 313 million in the previous quarter. Average daily active usage (DAU) grew 7% year-over-year, an acceleration from 5% in Q2 and 3% in Q1.

Advertising revenue totaled $545 million, a boost of 6% year-over-year. Mobile advertising revenue was 90% of total advertising revenue. Data licensing and other revenue totaled $71 million, a boost of 26% year-over-year. U.S. revenue totaled $374 million, a boost of 1% year-over-year. International revenue totaled $242 million, a boost of 21% year-over-year.

Shares of JD.Com Inc (ADR) (NASDAQ:JD) ended Thursday session in red amid volatile trading. The shares closed down -0.07 points or -0.28% at $24.67 with 6.74 million shares getting traded. Post opening the session at $24.54, the shares hit an intraday low of $24.51 and an intraday high of $25.05 and the price vacillated in this range throughout the day. The company has a market cap of $33.95 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.

JD.Com Inc (ADR) (JD) recently declared the launch of the FC Barcelona Flagship Store on JD.com’s cross-border e-commerce platform, JD Worldwide. The exclusive store, FC Barcelona’s first store on a Chinese e-commerce platform, will offer a wide selection of authentic merchandise to the millions of FC Barcelona fans around China.

FC Barcelona’s store on JD.com will feature a selection of official and authentic FC Barcelona merchandise from the world-famous club, counting football kits, training gear, accessories and others. It will also feature special branded shirts from some of the club’s players, counting Lionel Messi, Luis Suarez, Neymar, Andrés Iniesta and Gerard Piqué.

“Fans of FC Barcelona from across China are getting an early Singles Day present with the launch of this store,” said Ting Qi, General Manager of JD Worldwide. “FC Barcelona is one of the best-known brands in global sports and we look forward to working with them to grow that position in China.”

 

 

 

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