Written by Bella Dalima
06 Feb, 2014 | 5:35 pm
Microblogging site Twitter has reported a net loss of $645m (£396m) for 2013, just three months after its flotation on the New York Stock Exchange.
The loss was expected by analysts, who highlighted Twitter’s revenues, which rose 110% last year to reach $665m.
But a reported slow growth in user numbers was a bigger concern for investors.
Twitter averaged 241 million monthly users in the last quarter of the year, up just 3.8% on the previous quarter.
That represents a slowdown compared with a growth rate of 10% seen at the beginning of 2013.
Timeline views were down nearly 7%, suggesting users were refreshing their feeds less often.
Shares fell as much as 12% in after-hours trading on Wednesday.
15 Apr, 2020 | 01:39 PM
02 Oct, 2019 | 01:28 PM
Are you interested in advertising on our website or video channel
Please contact us at [email protected]