On Wednesday, Shares of Twitter, Inc. (NYSE:TWTR), lost -2.26% to $35.40, as Tuesday’s takeover talk dies own.
The company’s stock was rallying on Tuesday by more than 5% as several wire services circulated word that the company was being attained, Barron’s stated.
In other news, A new survey shows that microblog Twitter (NYSE:TWTR) will experience lingering trouble with user growth well into 2016, according to an analyst report. The projection comes as Twitter entered yet another new administration era on Wednesday, as Twitter co-founder and Chairman Jack Dorsey officially stepped into the role of interim CEO, replacing embattled CEO Dick Costolo, according to Investor’s Business Daily.
“While Twitter’s engagement trended up nicely, user growth issues will persist into the second half of 2015/first half of 2016,” wrote Cowen and Co. analyst John Blackledge in his research report Wednesday. Blackledge anticipates Twitter to report 63 million monthly active users in the U.S. in Q2, down 2 million from Q1. Investor’s Business Daily Reports.
Cowen also trimmed its ad revenue estimates for Twitter for the second half of 2015 and all of 2016 through 2020, he said, “after analyzing new (and) old ad formats.”
In Q1, Twitter’s ad revenue fell short of Wall Street estimates, dragged down by a lower-than-predictable contribution from some new direct-response ads. Investor’s Business Daily Reports added.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), declined -2.98% to $17.58, during its last trading session, hitting its lowest level.
Hertz Global Holdings is the first car rental company to offer the all-new Volvo XC90 for rent in the UK, enabling its customers to enjoy a superior experience on the road. Presently accessible from Hertz’s branches at London Marble Arch, Heathrow Airport and Edinburgh Airport, the premium seven seat SUV becomes the Hero Model of the Hertz UK’s exclusive Prestige Collection. This unique range of luxurious vehicles is backed by Hertz’s Make and Model guarantee that ensures customers drive away the exact car they booked.
“Adding the all-new Volvo XC90 to our fleet reflects our aim to always offer our customers the best vehicles in the market,” said Neil Cunningham, General Manager, Hertz UK. “Our motorist enthusiast customers will surely be delighted to be among the first to access the outstanding performance, in-car features and Scandinavian design that characterize the all-new XC90. The Hero Model of our Prestige Collection, the all-new XC90 perfectly represents the luxury, high levels of comfort, elegance and performance embodied by the Volvo range. Whether you need a stylish car for business, a special occasion or a road trip with the family, this Volvo masterpiece is the right choice,” continued Cunningham.
The all-new Volvo XC90 features a combination of power, fuel efficiency and sleek interior and exterior design. The model incorporates Volvo’s own range of smarter and intuitive new technologies and innovations. This comprises the in-car touchscreen control system Sensus, encompassing information, entertainment, and connectivity, and IntelliSafe, a set of safety related features, designed to protect those inside and outside the vehicle. IntelliSafe’s components comprise front collision warning with auto-brake and cyclist detection, world-first run-off-road protection and auto brake at junction technologies, amongst many others. In addition, the new seven-seat vehicle boasts high levels of comfort and performance with low CO2 emissions and innovatively designed ergonomic seats.
Hertz Global Holdings, Inc., through its auxiliaries, is engaged in the car and equipment rental businesses worldwide. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
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