Twitter shares drop on advertising struggles

Company betting on live streaming to boost revenue

Jack Dorsey, interim chief executive of Twitter Picture: Getty

Twitter last night forecast third-quarter revenue that fell short of analysts’ estimates, in a sign it is struggling to win more advertising as user growth stagnates.

The company said third-quarter revenue would be $590m to $610m. Analysts were looking for $681.4 million.

Monthly active users were 313 million in the second quarter, up from 310 million during the previous quarter. That beat the average analyst estimate for 312 million, according to data compiled ...