Twitter saw shares plummet by more than 11 percent in overnight after trading since it was found that the average number of monthly users is growing at the slowest pace since the IPO in 2013.
– This is unacceptable and we are not happy with it, said micro-blog’s creator Jack Dorsey, who stepped in as acting president on July 1, to analysts during a conference call.
The service had 304 million “core users” in the second quarter, compared with 302 million the previous quarter.
Twitter’s interim report published yesterday was otherwise stronger than expected in terms of both earnings and revenue.
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