Twitter disappointed investors again

Twitter disappointed investors again

Twitter disappointed investors again. The social media firm (remember when it was called a “microblogging” service?) missed quarterly revenue targets and warned of more trouble to come. Twitter shares were down 9% in after-hours trading, and if CEO Jack Dorsey can’t end this slump a sale may become inevitable.

There was at least one bright spot in today’s report: Twitter added 3 million new users, above the 2 million projected by analysts. The company ended the first half of the year with 313 million monthly active users. It’s not astounding growth, but at least it’s in the positive territory.

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