Twitter users refresh their timelines to get the latest updates
San Francisco: Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 per cent from the previous quarter. But it was reported that it wasn’t enough to satisfy investors increasingly concerned about its struggle to gain a mass following.
Its shares fell 8.5 percent to $39 in extended trading. The San Francisco-based company also said viewers refreshed their ‘timelines’ - Twitter's equivalent of Web page views - 157 billion times in the first quarter, slightly below what some analysts had hoped for.
The company, however, posted better-than-expected quarterly revenue of $250 million, as its mobile ads drew more viewer responses.
Dick Costolo, Twitter Chief , Executive also pledged to revive user growth after disclosing it had fallen to its lowest rate in years. Its shares have been trading 40 per cent below their peak as investors wait to see whether the service could broaden its appeal.
