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Twitter Reports $645m Loss for 2013

Twitter Reports $645m Loss for 2013

Just three months after its flotation on the New York Stock Exchange, Twitter has reported a loss of $645m (£396m) for 2013.

The loss was expected by analysts, who reported that Twitter had experienced a slow growth in user numbers.

Twitter averaged 241 million monthly users in the last quarter of the year, a mere 3.8% up on the previous quarter.

Reports also suggested that users were refreshing their feeds less often, when timeline views were down by nearly 7%.

Nate Elliot, an analyst at research firm Forrester, said: "If you don't have an engaged user base, you don't have a business. They have got to do better on users, that is the entire story."


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