Twitter Receives S&P Junk Rating

Twitter shares have lost over a third in value this year but earlier this week shares jumped as the company outlined the future strategy and teased new features. The high didn’t last for long, yesterday the shares decreased by 5.88% as Standard & Poor’s gave the company a “junk” credit rating.

The reasons according to S&P is the fact that the financial risk is significant and says Twitter will need to invest in product and services to ensure growth and innovation.

S&P also highlighted that Twitter’s potential for growth remains strong and leads to a stable outlook.

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