Home Business NewsTech News Twitter reports $645m net loss, user growth slows

Twitter reports $645m net loss, user growth slows

by LLB Editor
6th Feb 14 10:39 am

This is one story Twitter wouldn’t like to tweet about.

The microblogging website has reported a net loss of $645m for 2013.

In particularly bad timing, the results were posted just three months after Twitter’s floatation on the New York Stock Exchange.

Twitter had 241 million monthly users in the last quarter of the year, up just 3.8% on the previous quarter. Timeline views too were down nearly 7%.

Nate Elliott, an analyst at research firm Forrester, told AFP: “If you don’t have an engaged user base, you don’t have a business. They have got to do better on users, that is the entire story.”

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