Twitter posts $132m net loss amid slow user growth [View all]

[JI7]

Source: bbc

The social networking site Twitter has announced that it made a net loss of $132m (£78m) in the first three months of 2014.

However, it posted quarterly revenue of $250m, $226m of which was made through advertising.

The number of active users grew to 255 million, up 5.8% on the previous quarter, but lower than expected.

Despite higher user growth than the previous quarter, when Twitter saw just a 3.8% rise, the rate was lower than many analysts' expectations.

Twitter's shares were down almost 10% in after-hours trading.

Read more: http://www.bbc.com/news/technology-27214815