Number of users Twitter does not rise anymore

Number of users Twitter does not rise anymore

Tech July 27, 2017 15:45

san francisco - Twitter has not managed to increase its number of users over the past quarter. This will bring the rise of four quarters in a row with growth to disappointment of investors in the end. The share went down in the pre-trading market on Thursday.

The number of active users remained the same at 328 million, with market experts counting on an increase of 332 million. This keeps track of the growth of other social media companies like Facebook, Instagram and Snapchat.

Turnover decreased by 5 percent to $ 574 million, which was slightly higher than analysts' expectations. Ad revenue fell by 8 percent to $ 489 million. The net loss went up to 117 million dollars, from 106 million a year earlier. This was partly due to a depreciation of an interest in the German music platform Soundcloud.

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