Twitter shares plunge on weak earnings

1 Min Read

Twitter’s latest earnings results have disappointed investors, coming in below expectations as the firm struggles with weak growth in users and advertising.

Shares in Twitter plunged 13.6% after the results were out.

Twitter had 310 million monthly users in the first quarter while revenue was $594.5m (£407.89m), which missed analyst expectations.

The company has for years struggled to generate profits from its large base of users.

Twitter’s revenue forecast for the current quarter was given as between $590m and $610m, also short of what investors had been hoping for.

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