Twitter shares slide in lukewarm outlook, warns of user growth fizzling ...Middle East

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Twitter shares slide in lukewarm outlook, warns of user growth fizzling
source : Devdiscourse ( Middle East ) () 31
Twitter Inc shares sank 9% in postmarket trading on Thursday as it offered tepid revenue guidance for the second quarter and warned of rising costs and expenses and said user growth could slow in the coming quarters as the boost seen during the coronavirus pandemic fizzles. The social media company posted revenues and user numbers mostly in line with analyst estimates in stark contrast to the better performing digital ad firms like Facebook Inc and Alphabet Inc's.

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