Trump boost not enough for Twitter

Shares slide as advertising revenue falls short of expectations

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.

When it released third-quarter results in October,Twitter announced plans to cut 9 per cent of its workforce- around 300 people.

It said the job cuts were ...