Twitter will allocate 42% of revenue in the first quarter benefit of Directors, despite losses.

Mircea By Mircea, 29th Apr 2015 | Follow this author | RSS Feed
Posted in Wikinut>News>Technology

Twitter will allocate 42% of revenue in the first quarter benefit of Directors, despite losses.

Twitter has allocated 42% of the revenues of 435,94 million dollars in the first quarter for the benefits of directors respectively 182,8 million u.s. dollars in the form of shares.

Twitter has allocated 42% of the revenues of 435,94 million dollars in the first quarter for the benefits of directors respectively 182,8 million u.s. dollars in the form of shares, above the level of the previous quarter, even though it experienced a loss of 162,4 million dollars.

Analysts indicated that the social network will get in the first three months of the year revenue of 470-485 million dollars.

The fourth quarter Twitter has granted directors benefits worth valued at 177.2 million dollars, accounting for 37% of the revenues of 479 million dollars.

Last year, the company recorded sales of $ 1.4 billion and a loss of 578 million dollars, caused in large part by compansaţiile in shares awarded to executives at the top of Twitter, including 72,8 million dollars for the new Chief Financial Officer, for less than half a year.

Expenses incurred by the benefits in the form of non-cash equities, according to data reported by the company. The new shares dilutes the value employee shareholders ' portfolios, as well as sales and profits per share.

Transactions with shares were suspended, including Twitter towards the end of the meeting Tuesday, the stock after a decline of 18% of them produced before the announcement of quarterly results.


Twitter has revealed that revenues climbed 74 percent in the first quarter compared to the same period last year, due to the significant growth of the social networking platform users.

Annual comparisons don't mean too much for a company like Twitter, which does not run a business with seasonality. Revenue fell 9 percent compared with the fourth quarter, even though the number of users has increased from 288 million to 302 million.

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Comments

author avatar Kingwell
29th Apr 2015 (#)

Interesting. Thank you for sharing. Blessings.

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