Diondon
Thanks to the lawyers uh, I marbled the foyer
Twitter Inc. sits at the center of American politics like no other company right now -- and yet the social-media service can't seem to profit from it.
Thursday, the company reported its 10th straight quarter of slowing revenue growth, up just 0.9% year over year. Its average monthly active users totaled 319 million for the quarter, up 2 million from the previous quarter.
Shares of Twitter dropped 11% to $16.67 in premarket trading.
Revenue in the fourth quarter, when political conversation and debate gave it new relevance, was $717.2 million, below analysts' expectations of $740.1 million, according to Thomson Reuters.
For the quarter, Twitter recorded a net loss of $167.1 million, or 23 cents a share, compared with a loss of $90.2 million, or 13 cents, a year earlier.
Thursday, the company reported its 10th straight quarter of slowing revenue growth, up just 0.9% year over year. Its average monthly active users totaled 319 million for the quarter, up 2 million from the previous quarter.
Shares of Twitter dropped 11% to $16.67 in premarket trading.
Revenue in the fourth quarter, when political conversation and debate gave it new relevance, was $717.2 million, below analysts' expectations of $740.1 million, according to Thomson Reuters.
For the quarter, Twitter recorded a net loss of $167.1 million, or 23 cents a share, compared with a loss of $90.2 million, or 13 cents, a year earlier.