Twitter Inc (NYSE:TWTR) has an agenda now that the company realized that user growth is becoming a problem. The company’s CEO, Dick Costolo, said their main priority now is growing the user-base, and they target to have the largest daily active users of any social network out there. In the latest reporting, the company noted decelerating growth in new user acquisition, a development that triggered a selloff in the stock.
Twitter Inc (NYSE:TWTR) said the number of active users increased 23% in the quarter to 284 million. However, the growth trailed the 24% achieved in the previous quarter. Additionally, the company has faced worrying slowdown in user acquisition in the past several quarters. With 284 million active users, Twitter trails Facebook Inc (NASDAQ:FB) by far given that Facebook has over 1.32 billion active users.
Costolo has made several tweaks in the company at the management and product levels. He has replaced several executives and launched new products, most of that happening this year. However, there is still a lot more to be done to get things into good shape to assure investors of growth opportunity.
In the latest quarter, Twitter Inc (NYSE:TWTR) generated $361.3 million in revenue, which more than doubled from last year and also surpassed the estimate of $351 million.
Bank of America Corp (NYSE:BAC) has a new head for its Japanese capital markets operations. The lender named Reiko Hayashi to head the arrangement of the debt and equity projects in Japan. In that capacity, Hayashi will report to the co-heads of the Asia Pacific capital markets, Jason Cox and Peter Guenthardt.
Asia, and Japan in particularly, is increasingly becoming important for Bank of America Corp (NYSE:BAC). The company upgraded its department of capital markets in Japan to match the level of its investment banking arm.
If investor action on the stock of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) continues to reveal a lack of confidence in the stock. It also appears as though investors paid little attention to the assurance by President Rousseff of Brazil. After the election, the president promised changes that would please investors in the country’s assets.
However, shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) continued to print red even with such assurance, signaling that investor are not ready to take anything for gospel truth just yet.