Twitter misses user growth expectations, shares drop 9%

Shares of Twitter declined to $46.95 in after-market trading. The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter, missing consensus analyst expectations of 195.2 million users, according to IBES data from Refinitiv. Costs and expenses grew 13% from the same period last year to $880 million, as the company said it spent more on infrastructure-related expenses. …read more

Source:: Yahoo Finance

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