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Twitter shares fall on slower growth

Bishkek (AKIpress) - 67be0a6c15287d6e8bf6e6e46d2eb59f 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.


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14:54 30.04.2014
Astana
+2° C
Ashgabat
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Bishkek
+10° C
Dushanbe
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Tashkent
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exchange rates
 
72.11
57.35
9.20
1.32
227.08
180.87
29.58
4.17
6.27
5.00
0.82
0.12
3084.28
2367.40
385.74
61.13
3.59
2.85
0.47
0.07

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