Twitter earnings for the second quarter missed Wall
Street estimates but the social media site reported strong revenue and upbeat
user growth. Shares of Twitter (TWTR)
jumped 8.9%, closing at 41.52 on the stock
market today and moving into a buy zone.
As for key social media rivals, Facebook (FB) beat second-quarter earnings and revenue estimates late Wednesday, but executives sees slowing revenue growth going forward. Facebook stock rose to 208.66 intraday Thursday before reversing lower, losing 1.9% to 200.71. Facebook stock held above a 198.58 buy point from its own long cup-with-handle base. On Friday, Facebook stock dipped 0.5%, closing at 199.75.
Late Tuesday, Snapchat parent Snap (SNAP) reported a smaller-than-expected loss amid strong revenue growth and booming user gains. Snap stock shot up 19% on Wednesday, edging up 0.5% on Thursday. Snap stock edged up 1.1% on Friday, closing at 17.89.