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Twitter: $602m into -$107m

Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working.

The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than the year-ago's $136m loss, and revenues of $602m, up 20 per cent year-on-year, which were short of analysts' expectations.

This time last year Twitter was enjoying 60 per cent year-on-year revenue growth, and the year before that, 124 per cent. Now it's crashed to 20 per cent. Also, just three million more monthly active users were logged during the quarter, up three per cent year on year to 313 million.

As a result, Twitter stock fell by 10 per cent in after-hours trading to $16.43 per share. Twitter's IPO price was $25.94. ®

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