During Wednesday’s trade, Shares of Twitter Inc (NYSE:TWTR), lost -2.64% to $24.33, on Tuesday began testing out a new timeline format for its tweets, organizing it by relevance instead of having the newest tweets appear on top.
This action comes as Twitter has been testing out new features under the leadership of CEO Jack Dorsey.
During the company’s second quarter earnings conference call in July, Dorsey hinted that Twitter will “continue to question our chronological timeline and all the work it takes to build one by finding and following accounts.”
Following the experimental changes to the timeline, many Twitter users took notice and expressed discontent, Reuters said.
“Yes, this is an experiment,” a company spokeswoman stated, according to Reuters. “We’re ongoing to explore ways to surface the best content for people using Twitter.”
Twitter, Inc. has a 52-week low of 17.77% and 52-week high of -53.74%. The company has a 20-day simple moving average of -10.64% and a volume of -10.64%. The average volume stands around 20696.77.
The weekly performance is -2.12%, and the quarterly performance is at -8.06%. The monthly performance is -11.63% and the yearly performance is -31.14%. The performance for Year to Date (YTD) is -30.33%.
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 Itau Unibanco Holding SA (ADR) (NYSE:ITUB), inclined 3.99% to $7.70, during its current trading session, as some U.S. traded Brazil-based stocks get a boost following a rally in the real.
The Brazilian currency spiked after the country’s Congress suffered a setback that inflamed speculation there may be more support than formerly believed to oust President Dilma Rousseff, Bloomberg reports.
The real was up by 0.8% to 3.7673 per dollar as of 10:13 a.m. in Sao Paulo this morning.
Itau Unibanco is a Sao Paulo-based holding company that offers a range of financial products and services to both individual and corporate clients in Brazil.
In a secret vote held on Tuesday night the lower house created a committee to evaluate the request to have Rousseff removed from office in addition to recommend if there should be any hearings held against her, Bloomberg noted.
Investors are looking for Brazil to end its current political turmoil in order for the government to shift its focus back on the country’s economic woes. It now seems that many investors feel impeaching Rousseff may be the only way to resolve the ongoing conflicts.
“Investors are betting that impeachment is the best way now and any evidence that it is moving closer is positive,” foreign-exchange director at SLW Corretora de Valores Joao Paulo de Gracia Correa told Bloomberg. “We need changes and sometimes it doesn’t matter much how painful they can be in the shorter term.”
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Finally, Shares of Comcast Corporation (NASDAQ:CMCSA), lost -1.98%, and is now trading at $58.36.
Comcast Business declared the expansion of its advanced network to more than 145 businesses located between Interstate 5 and 20th Street East in Fife, Washington just East of the Puyallup River Bridge. Comcast Business invested $380,000 to bring fiber and coaxial cable to the triangle-shaped area between Interstate 5, 54th Avenue East, and 20th Street East.
“We are very happy that Comcast has installed service in this area,” said Bethany Bryant, manager of Warthog Barbeque Pit, which hosted an event with members of the community to welcome the new network. “Our business is always looking for ways to gain a competitive edge, and by using the Comcast network we have already noticed noteworthy efficiencies – and we won’t go back.”
“For businesses of all sizes, access to reliable, high-performance Ethernet services is an important tool to fuel growth and improve efficiency,” said Matt Fassnacht, Vice President Comcast Business in Washington. “Our investment in extending the Comcast network to Fife is part of our ongoing commitment to bringing local firms more technology options to fuel economic development.”
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.