Twitter (TWTR, Tech30) posted sales of $717 million for the fourth quarter, missing Wall Street estimates and increasing just 1% from the same quarter a year earlier.
The lackluster sales growth was due to a decline in advertising revenue, particularly in the U.S. where ad sales declined 7%. Twitter is struggling to compete for ad dollars with larger or faster-growing Internet services.
Twitter's user growth remains stalled. It had 319 million monthly active users in the fourth quarter, a gain of just two million from the previous quarter.
Twitter has also been one of the most active companies in censoring free speech. So it makes sense why no one is joining the platform. Why post your thoughts on twitter with the chance they may be flagged for violating the terms of service agreement especially if you have a large audience?
The stock fell 10% in pre-market trading Thursday following the earnings release.
"The whole world is watching Twitter," Jack Dorsey, Twitter's cofounder and CEO, said on a conference call with analysts. "While we may not be currently meeting everyone's growth expectations, there is one thing that continues to grow and outpace our peers: Twitter's influence and impact."
Jack Dorsey is smoking a whole lot of 'Hopium' trying to reassure investors but internet companies with no growth are doomed and replaced very quickly. Bad move Mr Dorsey for censoring people's speech your investors are going to pay the price and I hope they sue you. To be a successful social networking site you have to be tolerant and respectful of peoples rights and that's one of the reasons Steemit has been so successful. It's only a matter of time before the majority of twitter users find another site to post their content. Mr Dorsey you lost the trust of your customers and it's probably going to take an act of God to regain it.
http://money.cnn.com/2017/02/09/technology/twitter-earnings/