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Twitter Share Price

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Editor’s Remarks:
The company behind Twitter, the world’s second most popular social network after Facebook, took the worst hit to its stock in four months after its latest earnings report showed it performing well below expectations. The 10% drop came in the hours after posted revenues of $717m, well below the $740.1m consensus estimate. CEO Jack Dorsey insisted that whilst his company’s growth wasn’t living up to expectations, Twitter’s “influence and impact” continues to outpace its peers. Despite its 319 million monthly users, Twitter is struggling to convince advertisers to chip in more as its subscriber growth slows: the two million who joined in the fourth quarter of last year represented its smallest increase in almost a year.

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