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Soaring Twitter Shares Not All Due To World Cup

  • The Drum, Thursday, July 31, 2014 2:53 PM

Twitter  shares went up like a rocket yesterday as the company  reported sales of more than $300 million in the second quarter. The World Cup  was a key element - but not the only factor - as Twitter  stock finished more than 35 percent higher at the end of the day. CEO Dick Costolo, who has been making a lot of changes  at the social network, said,"We had a strong quarter and made progress on multiple fronts. Our financial performance was truly exceptional."

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