Search

What do you think? Has Twitter’s value reached its peak?

11:45 06 February 2014

Twitter icons as seen on a laptop screen. PRESS ASSOCIATION Photo.. Photo: Chris Ison/PA Wire.

Twitter icons as seen on a laptop screen. PRESS ASSOCIATION Photo.. Photo: Chris Ison/PA Wire.

Twitter suffered a backlash on Wall Street after its first set of results as a public company raised fears that its explosive growth of recent years is slowing down.

The micro-blogging website ended the quarter to December 31 with 241 million monthly users, a rise of 30pc on a year earlier but down on some expectations.

The San Francisco-based company’s addition of nine million new monthly users was also a slowdown from the previous three quarters, when it was adding an average of 16 million new accounts each quarter.

• How Facebook and Twitter became a force for good in the hunt for missing 81-year-old John Reynolds

• Review of the Year: Twitter moments of 2013

Its shares dipped by as much as 12pc in after-hours trading on Wednesday night, even though its revenues more than doubled to a bigger-than-expected 243 million US dollars (£149 million) in the October to December quarter.

The company was launched seven years ago and last year named the UK as its biggest market outside America.

However one of the major challenges facing Twitter is to generate more revenues from outside America. While more than 75pc of users are outside the US, just 26pc of its revenue comes from abroad.

0 comments

HOT JOBS

Show Job Lists

Insight

J&S Jewellery was launched three years ago by sisters Jenny and Sophie Laslett and is now turning over £1M a year. Photo : Steve Adams

When launching a jewellery business in late 2012, sisters Jenny and Sophie Laslett used some borrowed money and a spare room. After ordering a small batch from a manufacturer in the Far East, their only customers the first Christmas were friends and family.

Justice Secretary Liz Truss arrives in Downing Street, London, for the first Cabinet meeting of the new government. PRESS ASSOCIATION Photo. Picture date: Tuesday July 19, 2016. See PA story POLITICS Cabinet. Picture: Dominic Lipinski/PA Wire

It is always challenging to take on a job in an industry in which you have no experience, looking to learn on the job while leading.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Shaun Lowthorpe

Business Publishing Editor

|

Sabah Meddings

Business Writer

|

Duncan Abel

Business Development Manager

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up