Snow job

9 February 2017 By Jennifer Saba Follow @jennifersaba

Donald Trump’s preferred social-media platform posted a feeble 1 pct increase in Q4 sales. Boss Jack Dorsey, also CEO of Square, said ad revenue would lag user growth, but Twitter only added 4 pct more monthly users. If the two-timing boss is giving his all, it’s not enough.

This content is for Subscribers only

Context News

Twitter on Feb. 9 said revenue in the fourth quarter of 2016 rose 1 percent from a year earlier to $717 million, the slowest pace of growth since the purveyor of 140-character tweets and messages went public in 2013. Twitter's net loss widened to $167.1 million from a net loss of $90.2 million in the same period a year before.

Monthly active users were 319 million for the quarter, up 4 percent year-over-year. In the previous quarter, Twitter had 317 million monthly active users. The company said its daily active users increased 11 percent year-over-year in the final quarter of last year but didn't disclose the number of DAUs.

Email a friend

Please complete the form below.

Required fields *