Today Twitter closed the day trading below $20 a share — an all-time low for the company and a threshold that makes Twitter's financial situation feel all the more dire.
Three days ago, CEO Jack Dorsey offered soft confirmation that the company is considering expanding its famous 140-character limit — the one set in place due to the historical limitations of carrier text messaging. That limit could soon reach as high as 10,000 characters, according to Re/code.
News of the potential change arrived during CES, Vegas' massive annual technology conference, where Twitter maintained a quiet presence inside this secret conference area that looks like a theme park.
Investors don't appear thrilled by the 10,000-character idea, nor has Twitter managed to offer a solution for their primary concern: user growth. We'll find out if Dorsey's managed to swing growth momentum in the right direction in February, when the company is scheduled to report its fourth quarter 2015 earnings.
Twitter stock ends the day hovering below $20 — an all-time low
from VentureBeat » Social Media Companies | Social Network News | VentureBeat http://ift.tt/1ZSB1MU
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