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Twitter+Reports+Slowest+Revenue+Growth+since+2013
Wednesday, 27 July 2016 - 12:14
Twitter Reports Slowest Revenue Growth since 2013
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Twitter has reported its slowest quarterly sales growth in 3 years, as the firm fends off competition from a growing number of social media sites.

Revenue for the second quarter was up 20% to 602 million dollars, far slower than the same quarter last year when it rose 61%.

But the micro-blogging site managed to shrink its quarterly loss to 107 million from 136 million dollars last year.

 

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