Twitter Shares Have Fallen More Than 10% After Reports That Fourth-Quarter Losses Had Nearly Doubled
Social Media Site Twitter has experienced its slowest quarterly revenue growth since it became a publicly listed company in November 2013. Shares in the company have fallen more than 10% after the company reported that its fourth-quarter losses had nearly doubled. The social networking service reported a loss of $167m in the final three months of 2016 compared to $90m in the same period a year earlier. There were 319 million active users, 4% up on a year earlier, but revenue from ads fell slightly to $638m.