Twitter disappoints again on user growth and views; shares d

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    Anonymous

    Technology News

    The Twitter Inc. logo is displayed on screens prior to its IPO on the floor of the New York Stock Exchange in New YorkBy Gerry Shih SAN FRANCISCO (Reuters) – Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 percent from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following. Twitter's stock fell nearly 10 percent after hours, to below its post-initial public offering low of $38.80 on November 25. The San Francisco-based company also said viewers refreshed their “timelines” – Twitter's equivalent of Web page views – 157 billion times in the first quarter, slightly fewer than some analysts' estimates. At its peak in December, Twitter enjoyed a $46 billion market capitalization on just $665 million of revenue in 2013, making it one of the world's priciest stocks.


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