Sales
0161 215 3700
0800 458 4545
Support
0800 230 0032
0161 215 3711

Twitter Hit by Faltering User Growth

Twitter Hit by Faltering User Growth

As the company's quarterly results showed user growth faltering, shares of Twitter fell in after-hours trading.

Twitter reported a net loss of $90m for the last three months of 2015 versus a loss of $125m a year ago which is the first

quarter in Twitter's history where its uses have not grown.

Research director at Gartner, Brian Blau, said: "With no increase in new users, but otherwise good financial performance, Twitter hasn't yet shown how it can rise from the troubling spot of not being able to grow the business."

Investors were disappointed in Twitter's revenue forecast for the first quarter of 2016 after they had been anticipating the announcement of major changes to Twitter's product offerings to increase its user base.

Twitter said it was planning on improving its video offerings building on the launch of its live video streaming product Periscope.


print this article

Return to internet news headlines
View Internet News Archive

Share with: