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Twitter crashes 17%

Matt RosoffApr 29, 2015, 01:23 IST

Twitter earnings leaked early and investors are not happy with the results.

The stock was halted for about 15 minutes, and as soon as trading resumed around 3:47 PM ET, the stock plunged by as much as 20%. It's down about 17% now.

Seems like the main reason for the plunge was a miss on revenue and lowered revenue guidance for the rest of the year. Twitter also said its new direct response ads are not living up to expectations.

Follow the earnings update right here.

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