Get All Access for $5/mo

Twitter Stock Falls Nearly 10 Percent Despite Beating Q4 Earnings Estimates The tech giant provided light guidance and announced it expected expenses will increase 20 percent in 2019.

By Matthew McCreary

David Paul Morris | Getty Images

The Entrepreneur Index™, Dow Index and S&P 500 were all down on Thursday. Most notably, Twitter stock fell by 3.36 points (9.84 percent) despite reporting revenue of $909 million (about $41 million more than expected in a Refinitiv survey of analysts). That's in large part due to the fact that Twitter also announced it expected expenses to increase by 20 percent this year in order to improve "health, conversation, revenue product and sales, and platform."

It was a tough day for technology stocks in general, as all five FAANG (Facebook, Apple, Amazon, Netflix and Google or Alphabet) stocks fell. Facebook dropped by 4.11 points (2.41 percent), the most of the five.

Ford (-4.7 percent), Hess Corp. (-4.62 percent) and Macerich Company (-4.55 percent) also saw big declines on Thursday. However, the Entrepreneur Index™ was bolstered by Chipotle's huge earnings after reporting earnings yesterday. The quick-service burrito restaurant stock was up 59.72 points per share, or 11.35 percent. Other winners on the day included O'Reilly Auto Parts (+3.35 percent) and D.R. Horton Inc. (+2.45 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.

Matthew McCreary

Entrepreneur Staff

Associate Editor, Contributed Content

Matthew McCreary is the associate editor for contributed content at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

This 26-Year-Old's Side Hustle That 'Anybody Can Do' Grew to Earn $170,000 a Month. Here's What Happened When I Tested It.

Stephen Alvarez was working at a dental supply company and following his passion for cars on the side — then an Instagram ad changed everything.

Business News

Mark Zuckerberg Says an Upcoming Meta Product Left Testers 'Giddy'

Meta is almost ready to show this gadget to the public.

Science & Technology

AI Marketing Secrets: 3 Game-Changing GPT-4 Use Cases to Make Money with AI

Learn how to harness AI to generate leads and increase sales, even with limited resources and a small social media following.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.