Twitter takes a hit as modest user growth disappoints
Published on Feb 6, 2014 10:29 AM
SAN FRANCISCO (AFP) - Twitter got a reality check on Wednesday as the high-flying messaging company reported modest user growth during a quarter in which it lost US$511 million (S$648 million).
Even more disconcerting, in the eyes of some industry watchers, was that the typical amount of time people spent checking out timelines actually dropped.
"If you don't have an engaged user base, you don't have a business," Forrester analyst Nate Elliott told AFP.
"They have got to do better on users, that is the entire story."
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