WASHINGTON: Twitter shares plunged Feb 9 as the social network reported sluggish revenue and user growth – its finances sputtering despite increased prominence from President Donald Trump’s extensive use of the platform.
Shares sank more than 12% to close at US$16.41 (RM72.95) as investor hopes faded for a revival of growth at the messaging platform, which has lagged behind its rivals in the fast-moving social media sector.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!