Twitter has said its user base growth stalled at the end of last year, holding at 320 million, in a disappointing quarterly update for the struggling messaging platform.<\/p>\n
Twitter shares dropped some 2.4 percent in after-market trades that followed release of its latest earnings report.<\/p>\n
Twitter’s monthly active user base, unchanged from the previous quarter, is being closely watched to see if it connecting with more people and keeping pace with other social networks.<\/p>\n
But the latest figures were a disappointment. And excluding those who follow Twitter using text messaging, the user base declined slightly to 305 million from 307 million in the previous quarter.<\/p>\n
The San Francisco-based one-to-many messaging platform reported a net loss of $90.2 million on revenue that climbed 48 percent to $710 million when compared to the same period a year earlier.<\/p>\n
Twitter revenue for the full year was up 58 percent to $2.2 billion, according to the earnings report.<\/p>\n
Twitter has been under pressure to prove it expand beyond its fierce following to be a mainstream society hit.<\/p>\n
But its outlook for the current quarter failed to allay concerns, with revenue growth below most forecasts.<\/p>\n
Twitter announced earlier Wednesday it was revamping its timeline, allowing the “best” tweets to rise to the top, despite warnings of a revolt from members loyal to the real-time flow of the messaging platform.<\/p>\n
–<\/p>\n
Source: AFP<\/p>\n","protected":false},"excerpt":{"rendered":"
Twitter has said its user base growth stalled at the end of last year, holding at 320 million, in a disappointing quarterly update for the struggling messaging platform. Twitter shares dropped some 2.4 percent in after-market trades that followed release of its latest earnings report. Twitter’s monthly active user base, unchanged from the previous quarter, […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[],"class_list":["post-189753","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/189753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=189753"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/189753\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=189753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=189753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=189753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}