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Tech

Twitter Stock Price Skyrockets After News Of Revenue, User Surge

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Social Media Site Twitter (Photo by Bethany Clarke/Getty Images)

Social Media Site Twitter (Photo by Bethany Clarke/Getty Images)

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SAN FRANCISCO (CBS/AP) – Stronger revenue from Twitter sent the company’s stock up 21 percent in early trading Wednesday.

The San Francisco-based social-networking company reported a quarterly loss late Tuesday but its revenue more than doubled over the year, thanks to new advertising tools and a surge in traffic from soccer fans following the World Cup.

Twitter’s stock -ticker TWTR – surged $8 to more than $46 per share early Wednesday.

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

 

 

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