Twitter continues to announce losses and announces that it will lay off 9% of its workforce

The signing Twitter again announced losses in its results, between January and September were 289.8 million dollars, and also announced today its intention to reduce its workforce by 9%.

The results were released amid reports that in recent weeks contemplate the possible sale of the company, it has been realized without any operation.

In reporting its quarterly results today and accumulated until September, Twitter said its losses in the first nine months of the year fell by 32.7% over the same period last year.

In the first nine months of the year, loss per share was 42 cents, below negative 66 cents it had in the same period last year.

This despite the fact that revenues from January to September rose 20% to 1.812 million dollars.

Only in the third quarter, the most worried Wall Street today, Twitter realized losses of 102.9 million, lower than the negative result was 131.7 million in the same period last year .

The result gave a loss per share of 15 cents, 20 cents lower than it had in the third quarter of last year.

Quarterly revenues also advanced, up 8% to 615.9 million dollars above what analysts had estimated, although it is the smallest gain in the past nine quarters.

The company, based in San Francisco, to account for these results in a statement, said it plans a “restructuring and downsizing” of 9% in its workforce globally. The company currently has about 3,900 employees.

Signature calculations indicate that this restructuring will generate additional costs of between 15 and 30 million dollars in cash and stock-based compensation.

Restructuring “focuses primarily on the reorganization of company sales, partnerships and marketing efforts”, and seeks to find effective management to achieve profits next year.

“We have a clear program and we are making the necessary changes to ensure that Twitter is positioned to achieve long-term growth,” said the top executive of the company, Jack Dorsey, who founded the company in 2006.

The data are known after transcended versions on a possible purchase of Twitter firms as part of a consortium of Google and Salesforce software company and Microsoft or the Walt Disney group.

All these versions have been slowly deflating, which has hurt the value of the shares of Twitter.

Despite the losses announced today, Twitter securities were up 1.21% two hours after the opening of Wall Street, given that revenues were above the esperado.EFE

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