--- title: Twitter Becomes Latest Victim of October's Mini Tech Wreck description: Twitter joins a long list of tech heavyweights including Amazon.com, Google, Netflix, and Yelp that failed to beat Wall Street estimates — and whose stock got clocked. authors: - name: Paul J. Lim url: https://money.com/author/paul-j-lim-3/ at_money_since: 2014 articles: 104 covers: - Banking - Business - Economy and Politics - Housing - Identity Theft - Investing - Retirement - Taxes social: - https://x.com/pauljlim former_staff: true published: '2014-10-28T11:09:54.000Z' modified: '2014-10-28T11:09:54.000Z' section: Technology tags: - corporate earnings - stocks - tech stocks - twitter word_count: 322 canonical: https://money.com/twitter-earnings-technology-bad-month/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Twitter logo on iPad](https://img.money.com/2014/10/141028_inv_twitter1.jpg?crop=0px%2C537px%2C5184px%2C2916px&quality=85) In case you haven't noticed, this has been a miserable month for tech — especially for those companies that couldn't find a way to beat Wall Street's expectations. Just ask Twitter. The social media darling did pretty much everything that analysts has asked. The company more than doubled its quarterly revenues, posting sales of $361 million. Twitter turned an actual profit, [albeit a mere penny a share](https://investor.twitterinc.com/releasedetail.cfm?ReleaseID=878170). But that was what Wall Street analysts had been expecting. Meanwhile, the company reported that the number of active users grew 23%; timeline views (Twitter's equivalent of website page views) increased 80%; and ad revenues from those page views increased 83%. Still, as UBS analyst [Eric Sheridan told USA Today](http://www.usatoday.com/story/tech/2014/10/27/twitter-earnings/18012749/), the results lacked "upside surprise." The result: Investors pummeled the stock, which lost more than 10% of its value in after-hours trading Monday. ![TWTR Price Chart](http://media.ycharts.com/charts/b4fa24d14b9f6a2a7161261e2ada8438.png) [TWTR Price](http://ycharts.com/companies/TWTR/intraday_price) data by [YCharts](http://ycharts.com) Twitter wasn't the only technology company to be taken out to the woodshed. Last Thursday, Amazon.com did what it usually does — the e-commerce giant reported robust sales growth, but couldn't manage to turn a profit amid its massive build out. Investors weren't in a forgiving mood, shaving more than 8% off the stock's price: ![AMZN Price Chart](http://media.ycharts.com/charts/41dc231413d9fc6a0e7298071e5e10b3.png) [AMZN Price](http://ycharts.com/companies/AMZN/intraday_price) data by [YCharts](http://ycharts.com) The day before that, Yelp reported decent results, but the review site [warned investors](http://www.equities.com/editors-desk/stocks/consumer-discretionary/review-sites-yelp-angie-s-list-both-disappoint-market) that fourth quarter sales would fall short of expectations. The result: Investors erased nearly a fifth of the value of the social media company: ![YELP Chart](http://media.ycharts.com/charts/56c0ad692d66732239e244af30156bb9.png) [YELP](http://ycharts.com/companies/YELP) data by [YCharts](http://ycharts.com) The week before that, Google reported strong profits, but said that the amount of money it is making per ad is falling. That was enough to knock the stock down. ![GOOGL Chart](http://media.ycharts.com/charts/83e71b766c3f6d1252cee590a777d95c.png) [GOOGL](http://ycharts.com/companies/GOOGL) data by [YCharts](http://ycharts.com) And the day before that, Netflix announced it attracted far fewer new U.S. members for its streaming video service than was previously estimated. That was enough to erase more than a fifth of the company's market value: ![NFLX Chart](http://media.ycharts.com/charts/d7bcb303a8b45fe9e033dc433f03c9f1.png) [NFLX](http://ycharts.com/companies/NFLX) data by [YCharts](http://ycharts.com) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/twitter-earnings-technology-bad-month/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Technology", "item": "https://money.com/technology/" }, { "@type": "ListItem", "position": 3, "name": "Websites", "item": "https://money.com/websites/" }, { "@type": "ListItem", "position": 4, "name": "Twitter Becomes Latest Victim of October's Mini Tech Wreck" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/twitter-earnings-technology-bad-month/#webpage", "url": "https://money.com/twitter-earnings-technology-bad-month/", "name": "Twitter Becomes Latest Victim of October's Mini Tech Wreck", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-10-28T11:09:54.000Z", "mainEntity": { "@id": "https://money.com/twitter-earnings-technology-bad-month/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/twitter-earnings-technology-bad-month/#breadcrumb" }, "dateModified": "2014-10-28T11:09:54.000Z" }, { "@type": "Article", "headline": "Twitter Becomes Latest Victim of October's Mini Tech Wreck", "articleSection": "Technology", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2014/10/141028_inv_twitter1.jpg?crop=0px%2C537px%2C5184px%2C2916px&quality=85", "width": 1012, "height": 569, "caption": "141028_INV_Twitter" }, { "@type": "ImageObject", "url": "https://media.ycharts.com/charts/b4fa24d14b9f6a2a7161261e2ada8438.png", "width": "", "height": "" }, { "@type": "ImageObject", "url": "https://media.ycharts.com/charts/41dc231413d9fc6a0e7298071e5e10b3.png", "width": "", "height": "" }, { "@type": "ImageObject", "url": "https://media.ycharts.com/charts/56c0ad692d66732239e244af30156bb9.png", "width": "", "height": "" }, { "@type": "ImageObject", "url": "https://media.ycharts.com/charts/83e71b766c3f6d1252cee590a777d95c.png", "width": "", "height": "" }, { "@type": "ImageObject", "url": "https://media.ycharts.com/charts/d7bcb303a8b45fe9e033dc433f03c9f1.png", "width": "", "height": "" } ], "author": [ { "@type": "Person", "name": "Paul J. 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