Mehdi Hasan exposes misconceptions about the continent
Explore Japan through its offbeat train culture
06 Feb 2014 21:08 GMT | Business & Economy
Twitter's share price has fallen by nearly a quarter after the micro-blogging site reported slower growth in user numbers.
The shares had fallen 24 percent to $50.01 as trading neared its end in New York on Thursday.
The US company also reported a $511m quarterly loss, signalling fears that the short online messaging service was losing popularity.
Twitter had reported stronger-than-expected revenue and adjusted earnings in its fourth-quarter financial report on Wednesday, its first as a publicly traded company.
The site had 241 million users at the end of 2013, adding just nine million new monthly users since it went public in November, suggesting only modest growth at a time when investors were looking for a surge.
It was adding an average of 16 million new accounts in each of the first three quarters of the year.
Stifel analyst Jordan Rohan downgraded Twitter, noting that "user growth metrics faltered" and adding that "the company did a poor job explaining how and why the lower user growth was a temporary phenomenon," the AFP news agency reported.
San Francisco-based Twitter's shares have soared since its November initial public offering, causing many analysts to call it too expensive.
Dick Costolo, the company's chief executive, sought to reassure analysts and investors during Wednesday's conference call, saying that changes Twitter made to the short messaging service during the fourth quarter are starting to pay off.
Sterne Agee, an analyst Arvind Bhatia, said the company's share price was expensive compared to similar companies. He set a target price of $43 for Twitter's stock, which is still more expensive than Facebook and LinkedIn, based on expected revenue for the companies, the analyst wrote in a note to investors.
Messaging website reports slowest pace of user growth in recent history, wiping out nearly a fifth of its value.
Twitter's stock opens at $45.10 a share on its first day of trading, 73 percent above its initial offering price.
Business & Economy, US & Canada, United States
Content on this website is for general information purposes only. Your comments
are provided by your own free will and you take sole responsibility for any direct
or indirect liability. You hereby provide us with an irrevocable, unlimited, and
global license for no consideration to use, reuse, delete or publish comments, in
accordance with Community Rules & Guidelines and Terms and Conditions.
Education Pro enables teachers to monitor students' online activity and sends "violation" alerts over trigger terms.
Human Rights, Education, United Kingdom
Japanese protesters invoke human rights abuse and painful memories of war to oppose US Marine airbase on their island.
Military, Human Rights, Japan
Precarious peace agreement has failed to end fighting in South Sudan with fears of famine and disease outbreaks.
War & Conflict, Human Rights, South Sudan
While targeting 'terrorists and junkies', Kremlin-backed strongman Kadyrov flaunts the law to safeguard moderate Islam.
Human Rights, War & Conflict, Chechnya
US probe continues after apparent US air raid hit hospital of Doctors Without Borders in Afghan city, killing 19 people.
War & Conflict, Middle East, Afghanistan
Only residents, business owners and students will have access to area, after two attacks in less than 12 hours.
Middle East, Palestine, Israel, Jerusalem, East Jerusalem
In a Delhi slum, puppeteers, musicians, jugglers and acrobats try to unite as they wrangle with an approaching eviction.
Business & Economy, Arts & Culture, Poverty & Development
An investigation into the high rate of child sex abuse in Jamaica and the government's failure to protect its children.
Human Rights, Jamaica, Rape
The story of the 1994 Rwandan genocide told through the prism of the media, exploring their role then and today.
Media, War & Conflict, Africa
How Kenya's female water tank masons are delivering measurable benefits to their communities - and their country.
Women, Africa, Kenya