Twitter income up but share price stumbles over growth
- 9 years ago
Twitter shares fell more than 11 percent on Tuesday after the company announced that its number of monthly average users was growing at its slowest pace since it went public in 2013.
In a conference call with analysts interim Chief Executive Jack Dorsey admitted the situation is unacceptable.
Twitter said it had 304 million users in the second quarter, up from 302 million.
Although that is an increase investors are focused on the company’s growth potential and the figure did nothing to reassure them.
on the plus side total revenue rose to 502 million dollars, or 454 million euros.
In a conference call with analysts interim Chief Executive Jack Dorsey admitted the situation is unacceptable.
Twitter said it had 304 million users in the second quarter, up from 302 million.
Although that is an increase investors are focused on the company’s growth potential and the figure did nothing to reassure them.
on the plus side total revenue rose to 502 million dollars, or 454 million euros.