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MarketWatch First Take: Twitter fuels speculation of layoffs or merger with earnings time change

Twitter Inc. seems to be making misstep after misstep lately, from its failed efforts to sell itself so far, to picking a bad day to report its earnings this quarter, amid a cluster of other higher valued internet companies.

On Monday, the social media company surprised investors with news that it would change its third-quarter earnings reporting time to before the market opens on Thursday, instead of after the market closes, as previously scheduled. Two other internet giants — Alphabet Inc. GOOG, +1.72% and Amazon.com Inc. AMZN, +2.33% — are scheduled to release earnings that afternoon. There are at least 10 of the same Wall Street/buy-side analysts in common who follow all three of these companies, according to FactSet Research, and Twitter said it was moving to avoid the overlap for analysts.

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