This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/technology-27214815

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Twitter posts $132m net loss amid slow user growth Twitter shares drop 11% on slowdown in user growth
(about 3 hours later)
The social networking site Twitter has announced that it made a net loss of $132m (£78m) in the first three months of 2014. Shares in Twitter dropped to their lowest levels since the company's stock market flotation, as it reported slower than expected user growth.
However, it posted quarterly revenue of $250m, $226m of which was made through advertising. The number of active users on the social network reached 255 million in the first three months of 2014, up 5.8% on the previous quarter but below analysts' expectations.
The number of active users grew to 255 million, up 5.8% on the previous quarter, but lower than expected. Twitter also reported a net loss of $132m (£78m) for the latest quarter.
Twitter's chief executive Dick Costolo said the increase was "fuelled by increased engagement and user growth". But it posted revenue of $250m, $226m of which came through advertising.
The integration of advertising management software MoPub had helped Twitter "reach more than 1 billion iOS and Android users each month", he added. Despite higher user growth than the previous quarter, when Twitter saw just a 3.8% rise, Twitter's stocks fell by more than 11% in after-hours trading, sending the price below its initial public offering of $38.80 per share.
Despite higher user growth than the previous quarter, when Twitter saw just a 3.8% rise, the rate was lower than many analysts' expectations. The rise in Twitter active users comes after four consecutive quarters of declining growth, but the turnaround was not strong enough to convince investors.
Twitter's shares were down almost 10% in after-hours trading. Twitter's chief executive Dick Costolo highlighted the company's revenue increase, and said it was "fuelled by increased engagement and user growth".
The integration of advertising management software MoPub had helped Twitter "reach more than 1bn iOS and Android users each month", he added.
Another measure of user engagement, timeline views, increased 15% in the first three months of 2014 to 157 billion.
But the number of Twitter users is still well below its most high-profile competitor, Facebook, which boasts 1.28 billion active users.
WhatsApp, the messaging app Facebook bought for $19bn, recently passed the 500 million user milestone.