Investors seemed concerned that the average number of monthly users had climed just 30% to 241 million compared to the same quarter the previous year. This saw the firm's share price slide more than 17% to $54.24 (£33.25). It came despite results showing revenues in the quarter ending December 31 doubled to a better-than-expected $242.6m (£148.7m). In its annual earnings report it showed its total revenue for last year was $665m (£407m), more than double the $316m (£194m) of 2012. However, chief executive Dick Costolo said the site would only get better. "Twitter finished a great year with our strongest financial quarter to date," he said. "We are the only platform that is public, real-time, conversational and widely distributed and I'm excited by the number of initiatives we have under way to further build upon the Twitter experience." Twitter was launched seven years ago and in 2013 it said the UK was its biggest market outside America. :: Watch Sky News live on television, on Sky channel 501, Virgin Media channel 602, Freeview channel 82 and Freesat channel 202.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Stocks Close Lower Ahead of Crimea Vote
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Jittery Investors Dumping Russian Stocks
- U.S. Consumer Sentiment Falls in Early March
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Ulta Shares Look Good on Strong Q4
- Vybz Kartel Convicted of Murder
- JLo Turns the Tables in New Vid: 'I Luh Ya Papi'