Twitter reports lackluster user growth, $243 million revenue

Twitter Inc pronounced anemic user boom all through the final three months of 2013, sending shares sinking after its first quarterly document as a public company. It averaged 241 million month-to-month users, up just 3.eight % from the previous quarter – the lowest fee for the reason that Twitter started out disclosing its consumer figures. Twitter’s user numbers grew at 10 percent, 7 p.c, and 6 p.c throughout the primary three quarters of the yr, respectively. Twitter, which held a extremely-predicted initial public providing in November at $26 a share, has divided investor opinion in the months on account that as shares more than doubled to more than $66 despite an absence of reports.