It’s been the week from hell for social media.

TUESDAY

Twitter shares dropped as much as 26 per cent after it missed revenue expectations and lowered its guidance after warning that user growth was off to a “slow start” and that changes to its advertising formats had reduced click-through rates.

THURSDAY

Yelp closed 23 per cent lower on Thursday after it missed revenue and earnings forecasts for its first quarter, as well as cutting its outlook.

FRIDAY

LinkedIn saw some $7bn wiped from its market capitalisation in after-hours trading, as it warned sales in the current quarter’s revenues would be $45m below Wall Street’s forecasts at $670m-$675m, in part because of currency fluctuations.

 

Posted in: Chart of the day