Twitter (NYSE:TWTR) has lost a lot of shine in social media circles, especially from an investor’s point of view. There was a time when Twitter and Facebook (NASDAQ:FB) used to be in the same sentence when investors discussed social media; and then Facebook started moving at breakneck speed, increasing its product portfolio, revenues, user base - and most importantly, its bottom line profitability.
Twitter’s revenue grew as well, from $28 million in 2010 to $2.2 billion in 2015, but their losses widened, too, from $67 million to $521 million during the same period. Facebook on the other hand reported $17.92 billion in revenues in 2015 with nearly $3.7 billion in profits. Continue Reading »