SAN FRANCISCO ( TheStreet) – Twitter (TWTR) and Groupon (GRPN) both surged Wednesday, after the tech titans held their respective analyst day. Sprint (S) , meanwhile, soared on talk that the struggling telecom carrier is looking at making an acquisition of one of its wireless mobile partners.
Twitter soared 7.5% to close at $42.54 as the San Francisco-based social networking company held its analyst day Wednesday, where it discussed a number of strategies to boost its user engagement and revenue.
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Twitter unveiled plans to allow users to shoot, edit and share video through its app, providing an alternative means for users to share video on its service beyond its 6-second looping video app Vine or through a third-party app.
The company is also testing a new feature called "Timeline Highlights," in which users who step away from scrolling through tweets can return to the service and get a section of the "best" tweets that moved across their network while they were gone.
Twitter also trotted out some numbers about its users. The company said it attracts 500 million unique monthly users who do not log in to the service.
Groupon also surged on its analyst day, rising 3.9% to close at $8.10.
The Chicago-based online daily deals site said it expected to increase its revenue growth by at least 15% next year and that it expects to exceed revenue growth of 20% or more by 2017. Groupon's forecast for next year exceeded Wall Street's expectations of 13.7%.