Social media analysts tagged Twitter, “the new yahoo of social media”, following its poor and disappointing second quarter report as its stock tumbled by 14%.
The influential social network is slowly receding that it had to cut its revenue projection for the next quarter to between $590M and $610M. In addition, Twitter now has 313 million users up from 310 million.
Over the years, Twitter has struggled to take advantage of its high profile to compete favourably with Facebook which has over 1.71 billion users and basking in the euphoria of surpassing its Q2 revenue expectations.
Hence, it is not surprising that Twitter is being described as the new Yahoo of social media. In fact, some analysts are now recommending that twitter should be put up for sale.
