Twitter Faces Losing Ad Dollars to Facebook, Snapchat

Financial Times: Twitter faces losing brand advertising dollars to its social media rivals including Facebook, Instagram and Snapchat, analysts warned after the messaging platform missed revenue expectations on Tuesday. Shares in Twitter, which are down 24 percent so far this year, dropped as much as 14 percent in after-hours trading. “Advertisers do have a lot of other options. Companies are experimenting with Instagram and Snapchat and maybe shifting some budget from Twitter.”