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Bishkek (AKIpress) - Shares in social media giant Twitter fell 11% in after-hours trading - dropping to their lowest level since the company's stock market flotation - as it reported slower-than-expected user growth, according to BBC report.
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 that growth was below analysts' expectations.
Twitter also reported a net loss of $132 million for the latest quarter.
However, its revenues more than doubled to $250 million, thanks to a sharp rise in income from advertising.