Twitter (NYSE:TWTR) shares have fallen in after-hours trading as their latest quarterly results fail to show any improvements for the troubled micro-blogging site.
Twitter, whose shares have dropped against its IPO price after trading for just a few years, reported a net loss of $90 million – an improvement on the $125 million loss this time last year. The site also reported a slowdown in user growth, a key indicator as to the site’s health, with the number of average monthly active users remaining at 320 million for the second quarter in a row.
However, whilst revenue growth saw a rise of 48 percent on the fourth quarter of 2014, shares fell 10 percent in after hours trading – which has now been somewhat recovered.
11/02/2016
