Twitter Says Monthly User Base Declined, Shares Drop
Business Insider reports Twitter was down more than 7% to $31.65 a share early Thursday after saying its monthly user base has continued to decline.
The social-media company said it has 321 million monthly active users in the fourth quarter, in line with Wall Street forecast, but down 9 million on a yearly basis.
It has posted three consecutive quarters of drops in monthly active users.
As for the rest of the report, the company said it earned an adjusted $0.31 per share on $909 million revenue, topping the $0.25 and $869.5 million expected by analysts.