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Twitter share price hit by slowing user growth


Twitter share price hit by slowing user growth


Slowing momentum at Twitter has slammed its share price and revived investors’ concerns about its value and ability to grow its subscriber base.

The microblogging service said its 255 million monthly users appear to be checking tweets less frequently than they did a year ago.

Along with the lackluster usage, Twitter’s first-quarter results revealed fewer people are signing up.

Sales more than doubled to $250 million (180 million euros), which was better than expected, but its net loss in absolute terms was nearly five times bigger than this time last year at $130 million (94 million euros).

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