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Twitter shares fall on slower growth
14:54, 30 April 2014, 542

AKIPRESS.COM - 67be0a6c15287d6e8bf6e6e46d2eb59f Shares in social media giant Twitter fell 11% in after-hours trading - dropping to their lowest level since the company's stock market flotation - as it reported slower-than-expected user growth, according to BBC report.

The number of active users on the social network reached 255 million in the first three months of 2014, up 5.8% on the previous quarter. But that growth was below analysts' expectations.

Twitter also reported a net loss of $132 million for the latest quarter.

However, its revenues more than doubled to $250 million, thanks to a sharp rise in income from advertising.

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