Diamonds and Dogs
Twitter (TWTR) higher after reaching a financial milestone. The social media website is up 16% to a four-month high after reaching a billion dollars in quarterly revenue. Earnings missed expectations, but the company is making money as Twitter signs up more subscribers. The number of monetizable daily active users rose to a stronger-than-expected 152 million in the fourth quarter, up from 126 million the same period the year before.
Peloton (PTON) continues to lose money. The interactive workout bike company is down 10% at a one-month low following earnings. Peloton actually beat estimates by 11 cents as sales rose 77% to $466.3 million, but the company lowered guidance and continues to lose money lose money. The company did say it's connected fitness subscribers grew 96% to 712,005, total members grew to over 2 million.