Twitter shares dip 7% after Q4 earnings show stalled user growth
Twitter is no longer adding users. In its fourth quarter earnings report posted today, the social media giant said it had 320 million monthly active users — which is exactly what it reported after the third quarter. In fact, excluding users who use Twitter’s “SMS Fast Followers” service that sends tweets via text, the company’s monthly active user base actually dipped from 307 million to 305 million. Analysts expected Twitter to add users during Q4, but that did not happen. The company did however meet Wall Street’s estimates for Q4 revenue ($ 710 million) and earnings ($ 0.16 per share). Analysts expected earnings of 12 cents… Read More
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