Twitter Turns Surprise Profit, But User Growth Slows

By | February 5, 2014

Scalper1 News

Twitter unexpectedly turned a profit in Q4 as sales more than doubled, but shares plummeted late Wednesday on concerns about slowing user growth and engagement and a deeper-than-expected GAAP loss. The microblogging network, in its first post-IPO report, said monthly active users rose 30% vs. a year earlier to 241 million — 54 million in the U.S. But analysts expected more. Users rose by just 9 million, or 3.7%, vs. Q3. That’s a Scalper1 News

Scalper1 News