Twitter Share Plummets by 20%
Twitter (NYSE:TWTR) shares have plummeted by 20% in the wake of the companies financial results announcement.
The company reported a loss in the last quarter of 511.5 million dollars, while losses for the full year amounted to 645 million dollars.
Twitter showed an increase in revenue in the fourth quarter of 2013, amounting to 242.7 million dollars, compared with 112.28 million in the same period of 2012. Meanwhile, they have doubled their turnover in 2013 reaching 665 million dollars.
According to analysts, strong pressures on the stock are due to the low growth rate of new users Twitter has showed, just 3.8%.
By late December the active Twitter users reached 241 million, while predictions for the active users were set at 249 million. Twitter timeline views reached 148 million in the last quarter, falling short of the forecasted 175 million views.
This indicates that Twitter does not seem to have great potential in development.
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