TWITTER PROFITS WEAK DESPITE GROWTH IN USERS

Bugs in Twitter’s advertising technology dragged on revenue, overshadowing a strong quarter of user growth. Net income was $37 million, or 5 cents per share. Per-share profit was 17 cents, 3 cents shy of Wall Street expectations, according to a survey of industry analysts by FactSet. It was a 65% drop from last year’s adjusted profit of $106 million. Still, the number of people using Twitter daily in the most recent quarter jumped 17% to 145 million compared with the same period last year.