Twitter dropped 5.88% after Standard & Poor’s downgraded their rating of the company to ‘Junk’. The social networker is investing in growth to such an extent that it may not generate cash flow until 2016. Standard and Poor’s stated that the rating could be boosted with improvement in revenue and by launching new products.
November 14, 2014 – Stock Market News
Twitter dropped 5.88% after Standard & Poor’s downgraded their rating of the company to ‘Junk’. The social networker is investing in growth to such an extent that it may not generate cash flow until 2016. Standard and Poor’s stated that the rating could be boosted with improvement in revenue and by launching new products.