The Trader 

Market Outlook: Amazon not quite the giant, and Twitter not too in touch

The Trader

Not a good day for tech stocks as social media giant Twitter announced far worse than expected revenue and profits in the third quarter, blaming it on a slow summer and advertising bugs; the share price fell from $40 to just over $30. Online retailer Amazon also saw earning fall short in Q3 2019 and guided Q4 expectations considerably lower on the cost of beefing up its one-day delivery option; shares fell 9 per cent after hours.

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