Twitter posts slowest revenue growth since IPO
Twitter on Tuesday reported its slowest revenue growth since going public in 2013. The microblogging platform posted a revenue of $602 million for the quarter ended June, up 20% year-on-year, while recording a net loss of $107 million. Average monthly active users increased marginally to 313 million. Following the results’ announcement, Twitter’s shares dropped by over 10% in after-hours trading.