Shares in Twitter have fallen more than 10% after the company reported that its fourth-quarter losses had nearly doubled.<\/p>\n
The social networking service reported a loss of $167m (\u00a3133m) in the final three months of 2016, as against $90m in the same period a year earlier.<\/p>\n
There were 319 million active users, 4% up on a year earlier, but revenue from ads fell slightly to $638m.<\/p>\n
Donald Trump’s ardent use of Twitter did little to boost users or ad income.<\/p>\n
Fourth-quarter revenues were $717m, 1% up on last year’s $710m.<\/p>\n
Revenues and user numbers both fell short of analysts’ expectations.<\/p>\n
It was the company’s slowest quarterly revenue growth since it became a publicly listed company in November 2013.<\/p>\n
Some analysts had expected new US President Donald Trump’s widely publicised use of Twitter would give the service a financial boost.<\/p>\n
But during a conference call, chief operating officer Anthony Noto dismissed the idea that the “Trump effect” had been a key factor in user growth.<\/p>\n
He said that while Mr Trump had shown “the power of Twitter” and broadened awareness of the service, it was hard for “an event or a single person” to make such a difference.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares in Twitter have fallen more than 10% after the company reported that its fourth-quarter losses had nearly doubled. The social networking service reported a loss of $167m (\u00a3133m) in the final three months of 2016, as against $90m in the same period a year earlier. There were 319 million active users, 4% up on […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[],"yoast_head":"\n