Twit­ter stock falls amid un­cer­tainty

The Guardian (Charlottetown) - - BUSINESS -

NEW YORK - Tepid user growth and on­go­ing un­cer­tainty about its lead­er­ship dragged Twit­ter's stock to its low­est level in over a year Wed­nes­day, even though the short-mes­sag­ing ser­vice re­ported sharply quar­terly higher rev­enue. Twit­ter is “not sat­is­fied” with its user growth, co-founder Jack Dorsey, who re­placed Dick Cos­tolo as CEO ear­lier this month, said Tues­day af­ter the earn­ings re­port. But that's un­likely to change any time soon. Twit­ter doesn't ex­pect to see “sus­tained, mean­ing­ful growth” of its num­ber of users un­til it reaches the mass mar­ket, said Chief Fi­nan­cial Of­fi­cer An­thony Noto.

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