Trump boost not enough for Twitter

Shares slide as advertising revenue falls short of expectations

9th February, 2017
Twitter warns ad revenue could lag user growth. Pic: Getty

Twitter shares fell sharply in pre-market trading in New York this afternoon after the social media company reported revenue for the fourth quarter of the year that fell well below analysts’ expectations.

The company has been under pressure as it struggles with slowing revenue and customer growth.

It said the job cuts were part of a restructuring aimed at making the company profitable in 2017. Twitter also shut down its Vine video-sharing app.

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