Twitter shares dive as growth slows
Shares in Twitter dropped to their lowest levels since the company's stock market flotation this week, as it reported slower than expected user growth and a net loss of $132- but ad revenues reached $226m.
Shares in Twitter dropped to their lowest levels since the company's stock market flotation this week, as it reported slower than expected user growth and a net loss of $132- but ad revenues reached $226m.
Shares in Twitter dropped to their lowest levels since the company’s stock market flotation this week, as it reported slower than expected user growth and a net loss of $132m but ad revenues reached $226m.
The number of active users on the social network reached 255 million in the first three months of 2014, up 5.8% on the previous quarter but below analysts’ expectations.
Twitter also reported a net loss of $132m (£78m) for the latest quarter.
View this video from Bloomberg discussing Twitter’s financial results below:
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