Twitter’s Growth Stalls as CEO Vows to Fix Slowdown

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February 6, 2014

Twitter Inc. (TWTR:US), the microblogging service that amassed more than 200 million users in seven years and is now struggling to widen its audience as quickly, tumbled as much as 24 percent in its worst-ever intraday decline.

The drop came after the San Francisco-based social network yesterday posted its first earnings report since going public in November. The company said its monthly active users totaled 241 million in the fourth quarter, up 30 percent from 185 million a year earlier and slower than 39 percent seen in the prior period. Usage also dipped, with 148 billion views of Twitter timelines compared with 159 billion views in the third quarter.

via Twitter’s Easy Growth Stalls as CEO Vows to Fix Slowdown – Businessweek.



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